FX:NZDUSD New Zealand Dollar/U.S. Dollar
NZDUSD has been trading in a channel for a couple months now and it is starting to look top heavy. It has failed to make any higher highs and is stalling at 0.7290 resistance and has also formed a wedge pattern on the 4 hour chart. It is very likely that if price breaks support at 0.7218 that price will continue to drop further into next structure support at around the 0.7100 even level.