NZD/USD Technical Analysis Short

New Zealand Dollar/U.S. DollarFXCM

Description

⋅ Oct 15, 2020 10:11 AM

The counter has formed a double top pattern in the short-term.
Further, it has broken down with a strong bearish candle.
The formation interpreted a solid distribution around 0.667 levels.
Hence, we expect the pair to slide down from here.