#NZDUSD H&S - Target .6600

3 Kas 2016

NZDUSD is creating a nice looking Head and Shoulders here. Target down would be .6600 and possibly lower. The move from the .7485 high looks like 3 waves to me so I am looking at this as an ABC correction that would be followed by a C wave up.

15 Kas 2016

Not

We are testing the neckline here and would not be surprised to see a bounce before a sharp move down.