Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
NZD/USD: confirmed 'Triple Bottom' pattern
Information is not investment advice
A 'Triple Bottom' pattern has been confirmed by the last bullish 'Thorn'. Also, there's a 'Flag', so the market is likely going to reach the previously tested resistance by the 'Triple Top' pattern (0.6940). If a pullback from this level happens next, bears will probably try to achieve the closest support at 0.6847, which is near the Moving Averages.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?