There is a possible long trade set-up on GBPNZD which could present in the coming days,
Price is currently above the key level of 1.7500 which was previously a barrier of resistance for the pair and now appears to be showing characteristics of support.
If bullish price action is to present then there is the potential for price to reach previous resistance of 1.7900 which is also confluent with the weekly descending TL resistance.
Price is currently above the key level of 1.7500 which was previously a barrier of resistance for the pair and now appears to be showing characteristics of support.
If bullish price action is to present then there is the potential for price to reach previous resistance of 1.7900 which is also confluent with the weekly descending TL resistance.