NZDUSD has just recently formed a head and shoulder pattern, which is a typical bullish-to-bearish trend reversal. A Break below the neckline is expected, so we will be looking for short opportunities. Ideal entry point would be 0.71545, Stops at 0.71705 and Targets at 0.71150.
N.B. Ideas are subjective, further individual analysis advised.
N.B. Ideas are subjective, further individual analysis advised.