EURNZD is in the overbought zone
Technical analysis of EURNZD
AUD/USD: confirmed 'Thorn' pattern
Information is not investment advice
The last pullback from the Moving Averages led to form a new local high, so there's a 'Thorn' pattern, which has been confirmed. In this case, it's likely to have a local correction towards the nearest support at 0.7151 - 0.7147. This area could be a starting point for another advance in the direction of the next resistance at 0.7198 - 0.7206.
Sergey Logachev
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