Long-term and short-term analysis of the Australian dollar's performance against the US dollar.
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.
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