EUR/NZD 1H Chart: Ascending Triangle

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
A 476-bar long pattern was formed by EUR/NZD that managed to consolidate within the ascending triangle pattern after experiencing a sharp decline from the highest level since February of 1.7283 to a two-month low of 1.6074 between August 27 and September 18. The pair once attempted to break through the pattern's resistance at 1.6430 but failed to get a foothold above this onerous obstacle and fell to the current level of 1.6379 to trade within the pattern again. According to the SWFX data, traders are pessimistic about the pair, with 62.50% of all orders are placed to sell EUR/NZD.
© Dukascopy Bank SA
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