Select the account you'd like to open


NZDUSD - 3 bullish pointers

The Kiwi Dollar chart looks interestingly placed with the RBNZ meeting scheduled for Thursday.

There are 3 things features of this chart that might interest potential buyers:

  1. It has just bounced off support for a third time
  2. In doing this, it has formed a potential double bottom pattern
  3. It is showing bullish divergence with the RSI indicator( the RSI is making higher lows while price was still making lower lows)

From here, a clear break through resistance would complete the double bottom pattern in a potentially bullish move. 

Sign up for market update emails