NZD/USD: 'Double Top' pushed price lower

NZD/USD: 'Double Top' pushed price lower

Information is not investment advice

The last 'Double Top' pushed the market lower, so all the Moving Averages have been broken. It seems like there's a developing 'Falling Wedge' pattern. Thus, it's likely that the pair is going to test the nearest resistance at 0.6813 in the coming hours. If a pullback from this level happens little later on, bears will probably try to reach the next support at 0.6789 - 0.6772.

5-3-2019-NZD-USD-H4.png

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