Forex technical analysis: NZDUSD gives up on the upside

Correction day (or start of something bigger).
The NZDUSD moved up from a low of 0.6817 to 0.73457. That is a 7.7% gain since May 11th. Not a bad move. 
The high reached its peak on June 30th, but there were really 3 highs over a five day period that were within 2 pips of each other.