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NZD/USD: main trend still bearish

NZD/USD: main trend still bearish

Information is not investment advice

The main trend is still bearish. There's a 'Double Top' pattern, which has been confirmed, so the price is likely going to test the nearest support at 0.6543 in the short term. However, previously we had a 'Thorn' pattern, so it's possible to have an upward correction little later on. So, if any bullish pattern forms thereafter, the pair could test the closest resistance at 0.6579 - 0.6687.

14-5-2019-NZD-USD-H4.png

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