As I earlier predicted,
GBPNZD dropped sharply last week.
We saw a strong bearish rally to 1.9 level.
For now, the market is trading within a falling wedge pattern.
Its resistance serves as the point for sellers to short from.
I believe that the pair will keep falling within the boundaries of the wedge.
Closest supports:
1.90
1.892
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Note
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✅Join My Telegram Channel: t.me/VasilyTrading
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
❗️YouTube Channel youtube.com/c/VasilyTrader
✅ Facebook: facebook.com/VasilyTrading/
⭐ My Forex & Gold Broker: bit.ly/vasilyforexbroker ⭐
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.