Head and Shoulders formation on the 1.20518 Zone A previous Major Price Zone
First resistance on the downside is 1.326/7. If it breaks 1.317, or breaks, 1.312/5. Each resistance could see a bounce up to the final bull target 1.334/8 area before 1.28/1.285
The pair is at a significant Zone where price hasn`t traded for a some time now,failure to break below this zone signals a higher probability for a bullish move
Nzdacad has been failing to break the previous trend line and has approached and failed to break it again signalling a downward movement