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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.



GOLD: resurging

Gold has been losing value lately. But recently, it is back up. Is it a good time to buy?


EUR/USD: a temporary bottom

On the H4, we can see that EUR/USD has found a temporary bottom in the 1.0770 area. The pair is now trading above the former short-term resistance line going down from March highs (1.0835).

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