NZDUSD weekly technical analysis

NZDUSD Analysis – April 27, 2020.

Our Recommendation

NZDUSD has been trading in a range since the 27th of March. This is subsequent to a reversal marked by a large double bottom pattern formation. Following the ranging of the pair, another mini double bottom pattern has formed but yet to be confirmed.

In addition to the pattern, there has been a moving average crossover signalling a move to the upside.

It is expected that during the course of the week there will be a substantial rise in price of the pair. Therefore, you can keep an eye out for this pair.

NZDUSD Analysis - April 27, 2020 - image 1
NZDUSD Analysis - April 27, 2020 - image 2

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