We can see a Head & Shoulder pattern forming on NZDUSD Daily chart. Price surged up from daily support and created a lower high. There is a Pinbar formation on the top of right shoulder showing bear continuation likely to happen next. Breakout of the H&S formation might lead another 300+ pips fall.
-Breakout level at 0.8181.
– Breakout target 0.7908 – 0.7854.