NZD/USD Technical Analysis: Finds some support near mid-0.6800s, a possible trend reversal point

   •  The pair continued with its struggle to make it through the 0.6900 handle and now seems to have formed a bearish double-top reversal chart pattern on hourly charts.

   •  Despite the negative set-up, the downside remained cushioned and managed to find support around mid-0.6800s horizontal zone, warranting caution for bearish traders.

   •  The mentioned support coincides with 50-hour SMA and remains key support to be broken for further downslide towards testing 100-day SMA support near the 0.6735 region.

   •  On the flip side, a sustained move beyond the 0.6900 handle would invalidate the formation and pave the way for a move back towards challenging the 0.6940-50 supply zone.

NZD/USD 1-hourly chart