Technical analysis of EURNZD
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.