USDNZD seems like is in trend reversal.
It was making Lower Highs and Lower Lows and then a Divergence can be seen which might result in a reversal.
Another hint is of Inverse Head and Shoulder Pattern and if the Neckline breaks out, then it will end as a reversal.
Suggestion of Trade Entry (Buy Stop) can be as follows:
Entry Point: 1.6048 (Buy Stop)
Stop Loss : 1.5905
TP 1: 1.6185
TP 2: 1.6319
Risk 2 %
It was making Lower Highs and Lower Lows and then a Divergence can be seen which might result in a reversal.
Another hint is of Inverse Head and Shoulder Pattern and if the Neckline breaks out, then it will end as a reversal.
Suggestion of Trade Entry (Buy Stop) can be as follows:
Entry Point: 1.6048 (Buy Stop)
Stop Loss : 1.5905
TP 1: 1.6185
TP 2: 1.6319
Risk 2 %