GBPNZD: Head and Shoulders

GBPNZD, Daily

In the Daily timeframe, GBPNZD has formed a head and shoulders pattern. Price has fallen towards the neckline, testing a substantial support area, with the AO again indicating a rising bearish sentiment.

• A break of support below 2.1900 will drop the price to 2.1470;

• A rebound from support will take GBPNZD back to 2.2100 and further to 2.2370;