We have reached a critical point on NZDUSD. We have 2 different scenarios with same targets.

Our first scenario is the completion of possible head on shoulders pattern. NZDUSD is being priced at 0.73162 currently. Price can test ultimate resistance at 0.73500 Fibonacci Retracement 50% and pullback towards 0.73000 and 0.72500. And reverse from that supports and head for 0.73500 to complete head and shoulders pattern. Target will be 0.74590 and 0.75500.


Source: http://www.fxters.com/nzdusd-technical-analysis-trade-idea/

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