Kiwi trades near major support 0.6490, targets 0.6400

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
217 0 1
Chart pattern formed- Head and shoulder

NZD/USD             has made a low of 0.64905 yesterday and is currently trading at 0.65340.

Intraday trend is weak as long as resistance 0.6585 holds. Any break above 0.6585 would extend gains till 0.6615/0.6650.

On the lower side any break below 0.6490 will drag the pair till 0.6406.

It is good to sell o nrallies around 0.6535-6540 with SL around 0.6585 for TP of 0.6410
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