NZDUSD - Break of Head & Shoulders To Trigger Long Opportunity

Last week saw bullish momentum coming into the NZDUSD causing price to begin forming an Inverse Head & Shoulders pattern signalling a potential rally soon in the NZDUSD. Price is currently still in the correction phase of the right shoulder and a break of the neckline will clear the way for longs to the target highlighted on the chart which is both the technical Head & Shoulders target as well as the next key area of resistance on this pair.