Technical analysis of EURNZD
USD/CHF: confirmed 'Double Top' pattern
Information is not investment advice
There's a 'Double Top' pattern, which has been confirmed, so the price was declining. However, the 89 Moving Average has acted as support. Even so, the market is likely going to reach the next support at 1.0111 - 1.0091. If any bullish pattern forms next, there'll be a moment to have an upward correction towards the nearest resistance at 1.0145 - 1.0169.