'V-Bottom' pattern on NZDUSD

The last 'V-Bottom' pattern has been confirmed, so that's why the price is consolidating. It's likely that the pair is going to test the 34 Moving Average in the short term. If any bearish pattern forms on this line little later on, there'll be a moment for another decline towards the next support at 0.6541.

nzd - new zealand dollar

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