NZD/USD
After breaking down the double top, it used the 2016 to pullback to the neckline to test it as the new resistance. It formed a percfect head and shoulders pattern which is also the higher parallel of this major trendline (green) and is now breaking lower.
I am targeting the 2015 lows around 0.6200 and would really like to see how it reacts with the trendline at the100% double top breakout target around 0.5850.
For full 2017 predictions watch the video here
After breaking down the double top, it used the 2016 to pullback to the neckline to test it as the new resistance. It formed a percfect head and shoulders pattern which is also the higher parallel of this major trendline (green) and is now breaking lower.
I am targeting the 2015 lows around 0.6200 and would really like to see how it reacts with the trendline at the100% double top breakout target around 0.5850.
For full 2017 predictions watch the video here
