NZD/USD Technical Analysis: Flirting with double bottom bullish breakout
|- The 15-minute chart shows the pair has charted a double bottom pattern and a break above 0.6717 (neckline) would open doors to 0.6744.
- The chart also shows a bullish price-RSI divergence.
15-min chart
Spot Rate: 0.6715
Daily High: 0.6718
Daily Low: 0.6688
Trend: Bullish above 0.6717
R1: 0.6717 (double bottom neckline)
R2: 0.6747 (50-hour moving average)
R3: 0.6768 (100-hour moving average)
Support
S1: 0.67 (psychological support)
S2: 0.6688 (session low)
S3: 0.6675 (May 2016 low)
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