GBPNZD is approaching our first resistance at 1.9272 (horizontal pullback resistance, 61.8% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level to our major support at 1.9087 (horizontal pullback support, 61.8% Fibonacci retracement).
Stochastic (34,5,3) is also approaching resistance where we might see a corresponding drop in price.
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Chart PatternsForexforexsignalsforextradingGBPGBPNZDgbpnzdlonggbpnzdshortHarmonic PatternsNZDTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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