NZD/USD: 'Double Bottom' pattern

NZD/USD: 'Double Bottom' pattern

Information is not investment advice

The uptrend line has been broken, but there's a 'Double Bottom' pattern, which has been confirmed. Thus, it's likely that the pair is going to test the closest resistance at 0.6756 - 0.6772 in the short term. If a pullback from these levels happens little later on, bears will probably try to reach the next support at 0.6718 - 0.6705, which could be a starting point for a larger bullish correction.

9-4-2019-NZD-USD-H4.png

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