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NZD/USD: 'Double Top' under Moving Averages

NZD/USD: 'Double Top' under Moving Averages

Information is not investment advice

There's a local 'Double Top' pattern, which has been formed under the Moving Averages. In this case, we should watch the previously tested support at 0.6712 - 0.6705 as an intraday target. If a pullback from these levels happens thereafter, bulls will probably try to reach the nearest resistance at 0.6772 - 0.6786.

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AUD/USD broke through the most important daily moving averages, slipped below the support at 0.6830.

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