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According to the chart of M5, NZDUSD formed the Head and Shoulders pattern. The Head’s top is set at 0.5974 while the median line of the Neck is found at 0.5960/0.5960. 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 NZDUSD will go towards 0.5945.

The Double Top reversal pattern has been formed on NZDUSD M30. Characteristics: the upper boundary 0.5973; the lower boundary 0.5959; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 0.5959 with a possible movements towards the 0.5929 level.

The Double Top pattern has been formed on NZDUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 0.5959 is broken, the downward movement will continue.

According to the chart of M15, NZDUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.5935/0.5916 whereas the lower border goes across 0.5900/0.5916. The pattern width is measured on the chart at 35 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.5916 is broken, the price could continue its move toward 0.5939.

According to the chart of M5, NZDUSD formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.5917 while the median line of the Neck is found at 0.5902/0.5907. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of NZDUSD will go towards 0.5932