The Bearish Pennant pattern has formed on the NZDUSD H1 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 0.5787. FX.co ★ NZDUSD H1: Bearish Pennant
Signal strength 4 of 5
NZDUSD H1: Bearish Pennant
The Bearish Pennant pattern has formed on the NZDUSD H1 chart. It represents a brief consolidation before the price potentially resumes the prevailing trend. A short position may be considered if the price closes below the pattern low at 0.5787. *The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade