Technical analysis of EURNZD
USD/CAD: confirmed 'V-Bottom' pattern
Information is not investment advice
The last 'Double Top' pushed the market lower, but there's a 'V-Bottom', which has been confirmed. In this case, we should watch the nearest resistance at 1.3231 as an intraday target. If a pullback from this level and the Moving Averages happens afterwards, there'll be a moment for another decline in the direction of the next support at 1.3117 - 1.3101.