NZD/USD is preparing to work out “double bottom”

The NZD/USD pair on the daily timeframe forms a “double bottom” pattern, which has been forming for two months. The actual start of working out this figure can be expected on the consolidation of this pair above the level of 0.6900-0.6880. The goals in the cases of working out the pattern are located at the levels: 0.6970 and 0.7000. Support is located at the levels: 0.6860 and 0.6840, updating of which after the start of working out will cancel all expectations.

Read also: “The US dollar index as an additional indicator”

Hanzenko Anton

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