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NZD/USD Testing a Price Top

NZD/USD has been bullish throughout October. We are now at a junction between trends of different time-frames. First of all the bearish trend in the daily chart is still the dominant trend, but price action since September has formed a price bottom seen in the daily chart. 
NZD/USD Daily Chart 10/13

(click to enlarge)

We can say that the NZD/USD daily chart is bearish-neutral. If you agree with that, you might consider shorting around the current resistance area, but limit the bearish outlook perhaps to 0.64 instead of the lows around and under 0.62. 

This bearish outlook is going to be risky because the trend does appear to  be shifting up.This is the first time that the daily RSI has tagged 70 since the latest downtrend from March 2014 to September 2015. 

Looking at the 1H chart, we see a bullish trend that might have bucked when a price top was formed. However, now that a brief near-term correction has been complete, the October rally might continue. Price action in the 10/14 Asian session is pulling up to test the head and shoulders pattern. A hold under 0.67 should be a sign that bears are holding down the market for further downside (maybe back towards 0.64). A break above 0.67 however brings the high at 0.6740 back into play. This bullish outlook gained favor when price bounced off a rising trendline. 

NZD/USD 1H Chart 10/13
(click to enlarge)

Will the NZD/USD continue this October rally and reverse the downtrend it was in since July 2014? Or will NZD/USD maintain the prevailing bearish bias and at least make a short-term bearish attempt towards 0.64. For now I am on the sideline watching the key levels I mentioned above.