NZDUSD failed to reach the 2025 highs and has reversed toward the 0.5850 area, with price action since 2025 remaining corrective. It appears to be forming a bullish ABCDE triangle, our primary wave count, and this range may hold for some time. A slow, overlapping decline (deep WXY within wave C) is possible, but the tracked wedge in final subwave (C) of Y produced a recent bounce.

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