GBPNZD H1 Analysis
The GBPNZD chart is retesting a support level it already tested two times. In case of breach, which will most likely happen, we could see a major downward move from the pair. This analysis is solidified by the fact that NZD is strengthening against other currencies, and the momentum will most probably continue. Hence, the trade would be executed as follows:
GBPNZD
SELL: 1.90200
SL: 1.90700
TP1: 1.89700
TP2: 1.89200
GBPNZD
SELL: 1.90200
SL: 1.90700
TP1: 1.89700
TP2: 1.89200
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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.
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.