FX:NZDUSD   New Zealand Dollar / U.S. Dollar
hi traders,

on the daily timeframe we can see price action potentially creating a head and shoulder formation.

Which is also at the top of a channel as added confluence and also at a very strong weekly resistance level.

await completion of right shoulder, neckline break and retest to enter
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.