Get started
Uncharted-FX

NZDUSD at IMPORTANT SUPPORT. Head and Shoulders here?

Long
New Zealand Dollar / U.S. Dollar (FX:NZDUSD)  
Uncharted-FX  
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Support and Resistance Head and Shoulders NZDUSD dollar Forex forexsignals forextrading fx fxtrading
1
0
supportandresistance headandshoulders nzdusd dollar forex forexsignals forextrading fx fxtrading
If you look at NZDUSD on the long term charts (daily) you will see we are at a very important support zone!

We have had a nice downtrend lower with multiple waves, and no the trend may be exhausting.

I like the long wick that kissed the support level, and shows us where buyers are at. Can we create a potential head and shoulders here? Remember, this shows us a change in trends from lower highs to higher lows. Awaiting the break of the neckline.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.