The technical picture indicates a high probability set-up toward .6000. It also indicates a strong bottom at .6000 - .6100. Additionally, looking at the AUDNZD, GBPNZD, EURNZD crosses indicates that New Zealand is among the weakest currencies going forward. Structural upside break outs have occurred against a long term down trend in each of the three mentioned NZD crosses. I am short the New Zealand dollar against all major currencies and it represents my largest currency position.