Mihai_Iacob

Is NzdUsd carving the right shoulder?

Kort
FX:NZDUSD   Nyzeeländsk dollar/USA-dollar
In my previous analysis, I said that I expect NzdUsd to have found a medium-term top above 0.73 and the pair dropped from that zone. More, Kiwi also has broken under the channel's support and, at this point, we can consider the top confirmed.
Yesterday the 0.7150 zone offered support and the pair had a new attempt to reconquer 0.72.
At this point 0.7240 is resistance and a new leg down could follow.
Also, a drop under 0.7150 would confirm a H&S pattern and the target for sellers can be 0.7 important support

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