The 4-hour chart of NZD/USD is currently in the process of forming a head and shoulder pattern.
The pair is also observing strong rejections above the 200 SMA of 4-hour chart.
Stochastic indicator is in overbought zone as well.
Hence, we expect the pair to move towards the strong support placed at 0.66865.
The pair is also observing strong rejections above the 200 SMA of 4-hour chart.
Stochastic indicator is in overbought zone as well.
Hence, we expect the pair to move towards the strong support placed at 0.66865.
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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.