GBPNZD created a rising wedge pattern under the hourly timeframe where we now witness a bearish breakout on the lower boundary. Here we expect a correction leg to form up and retrace back towards 38% on the fibonacci with the current bullish trend.
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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.