NZDUSD trying to carve out a shoulder.
If the NZDUSD is developing a head and shoulder pattern on the daily chart the highs today at .6724 may hold since the .6715 level was the high back in late July. In order to turn us bearish near term we would have to see a daily close below the .6650. However, if this does happen the risk of a long term head and shoulder pattern with a neckline at .6500 level is high.
