FX.co ★ NZDCAD M30: Head and Shoulders

NZDCAD M30: Head and Shoulders

Head and ShouldersAccording to the chart of M30, NZDCAD formed the Head and Shoulders pattern. The Head’s top is set at 0.8377 while the median line of the Neck is found at 0.8328/0.8336. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of NZDCAD will go towards 0.8306.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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