Tag - nzd - new zealand dollar

NZD/USD: main trend still bearish
NZD/USD: main trend 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...

AUD/NZD failed at resistance
AUD/NZD failed at resistance

AUD/NZD spiked to 1.0720 this week after the Reserve Bank of New Zealand cut interest rate but then quickly retreated back to 1.06.

NZD/USD: 'Triple Top' pattern
NZD/USD: 'Triple Top' pattern

There's a 'V-Top', so the market is likely going to continue declining. The main bearish target is the next support...

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