FX.co ★ NZDUSD H1: Bearish Flag

The Bearish Flag pattern has formed on the NZDUSD H1 chart. Its lower boundary passes through 0.5787/0.5793, while its upper boundary passes through 0.5791/0.5797. The projected flagpole height is 19 points. The formation indicates that the downtrend is likely to continue. A break below 0.5787 would confirm further downward movement.