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NZD/USD: 'Pennant' pushed market lower

NZD/USD: 'Pennant' pushed market lower

Information is not investment advice

The last 'Pennant' pushed the market lower. There's a 'Thorn' pattern, which is likely going to be confirmed soon. In this case, we should watch the nearest resistance at 0.6644 - 0.6666 as a potential bullish target. If a pullback from this area happens little later on, bears will probably try to achieve another support at 0.6600 - 0.6587.




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