Double Top on the NZD/USD?

The Kiwi holds on to its gains versus the Dollar and has visited two times the 0.8700 level, just as we see it on the daily chart below of the NZD/USD, courtesy of the Forex Broker Activtrades http://www.activtrades.co.uk/. We can see on the chart that on the second visit of the price to the 0.8700, the pair tries to bounce to the downside. We cannot be completely sure if the pair will complete a Double-Top formation, which is a bearish reversal pattern. We still need to see confirmation of this pattern by a breakout of the 0.8643 level to the downside, which is the trough of the two peaks forming the “double top”. If we see a breakout to the upside of the 0.8700 level, then we should wait for confirmation of such breakout and then the pullback to this same level for a possible long entry.