FX:NZDUSD New Zealand Dollar/U.S. Dollar
Price made a higher high on the 4 hour last week that stalled into Daily resistance (.6845-.6870.) I'm looking for price to put in a higher low without putting in a lower low. See the blue curved line. This would tell me we could have a potential breakout of Daily resistance. It could make a pennant formation. If price breaks below and closes below the current swing low (.6746), then price will probably test the last low around .6600. We'll see what this week brings us. Good luck trading out there.