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According to M5, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5968/0.5971 is broken out, the instrument is likely to move toward 0.5986. The M5 and M15 time frames may have more false entry points.
FX.co ★ NZDUSD M5: Inverse Head and Shoulder
Signal strength 1 of 5
NZDUSD M5: Inverse Head and Shoulder
According to M5, NZDUSD is shaping the technical pattern – the Inverse Head and Shoulder. In case the Neckline 0.5968/0.5971 is broken out, the instrument is likely to move toward 0.5986. *L'analyse de marché présentée est de nature informative et n'est pas une incitation à effectuer une transaction