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NZD/USD: second 'V-Top' pattern in a row

NZD/USD: second 'V-Top' pattern in a row

Information is not investment advice

There's the second 'V-Top' pattern in a row, so the price is consolidating. It's likely that the market is going to reach the nearest support at 0.6872 and the Moving Averages in the short term. If a pullback from these levels happens next, there'll be a green light for another bullish rally towards the previously tested resistance at 0.6937 - 0.6941.

26-3-2019-NZD-USD-H4.png

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