NZD/USD H4
The rate has formed a double top pattern and has already broken the neckline at 0.6800.
It is currently testing this level as the new resistance, so my immediate bias is now lower. The potential breakout targets are 0.6665 and 0.6575, however, as it has broken the 2016 uptrend we may even see the range lows around 0.6400 revisited.
The stops should be based against two levels - 0.6855 as the more aggressive one (although more dangerous, as we have yet to see a test of the former broken rising trendline support as the new resistance) - and the 0.7050 highs of the double top.