GBPNZD Price Analysis

Forex Trade Analysis

GBPNZD Price Analysis

GBPNZD Here we have an opportunity to sell after it reversed  retrenchment and formed a head and shoulders pattern, which has been confirmed with a bearish break of the neckline.

At the current moment, you should wait for a better opportunity for entry as price is sitting on both a horizontal support (highlighted in green) and a ascending support (highlighted in blue)

A better view of the blue ascending support level is shown here: Click Here

Forex Chart Analysis

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