NZD/USD Will Start Climbing

NZD/USD has been moving to the downside for three weeks now but it seems that has come to at least a temporary end because the pair reached a support level at 0.6495. The pair formed a clear double bottom at that level, as well as an inverted hammer and a doji candlestick on the daily filter chart. The move to the upside has actually already begun, and although the pair is currently struggling to break above the resistance at 0.6570, should it manage to do so we can expect it to climb higher towards target 0.6650.