GBPNZD - 240 - Let's see if it breaks
Trade Alert
GBPNZD is at a very interesting spot right now. The pair is flirting with its short-term upside support line and we are now waiting for GBPNZD to break through one of the highlighted areas, before examining further directional moves.
The only thing that supports GBPNZD from falling straight away, is the fact that the pair is a bit oversold on the shorter timeframes. That said, the pound might still be vulnerable to any little news coming out from the Brexit saga. And so far, not a lot of positive news is coming out.
Please see the chart for levels and targets.
Don't forget your stop-loss.
GBPNZD is at a very interesting spot right now. The pair is flirting with its short-term upside support line and we are now waiting for GBPNZD to break through one of the highlighted areas, before examining further directional moves.
The only thing that supports GBPNZD from falling straight away, is the fact that the pair is a bit oversold on the shorter timeframes. That said, the pound might still be vulnerable to any little news coming out from the Brexit saga. And so far, not a lot of positive news is coming out.
Please see the chart for levels and targets.
Don't forget your stop-loss.