Technical analysis of EURNZD
AUD/USD: pair to test nearest support
Information is not investment advice
There's a 'Triple Top', which has been confirmed by the last 'Pennant' and 'Flag' patterns, so the price broke all the Moving Averages. It's likely that the market is going to test the nearest support at 0.7096 - 0.7086 by the local uptrend line. The subsequent pullback from this level could lead to the beginning of an upward correction towards the closest resistance at 0.7131 and the 89 Moving Average.