Chart pattern formed- Head and shoulder
- NZD/USD has made a low of 0.64905 yesterday and is currently trading at 0.65340.
- Intraday trend is weak as long as resistance 0.6585 holds. Any break above 0.6585 would extend gains till 0.6615/0.6650.
- On the lower side any break below 0.6490 will drag the pair till 0.6406.
It is good to sell o nrallies around 0.6535-6540 with SL around 0.6585 for TP of 0.6410
The material has been provided by InstaForex Company – www.instaforex.com