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NZD/USD, double bottoms pattern?

FXstreet.com (Chicago) – NZD/USD consolidates losses and prints 0.27% in retracements so far staying close to the immediate support on closed markets for Thanksgiving day.

NZD/USD Technical Levels

Price action reveals a strong bearish pressure that sends the pair back around yesterday’s lows approaching the immediate support at 0.8111. The pair remains flowing around 2-month lows evidencing highly volatile past couple of months. Offered at 0.8121, the pair navigates between the supports aligned at 0.8112 (November 27th lows), 0.8077 (September 10th highs) ahead of 0.8024 (September 6th highs) and the resistances set at 0.8150 (November 25th lows), 0.8215 (November 3rd lows) …read more