GBPNZD SHORT SETUP
GBPNZD is showing a similar setup with GBPAUD, price is yet in his all time downtrend since year 2000 till date, On Friday we saw price break below this horizontal support @ 1.9035, also below the big BEARISH FLAG inner which price have been trading since 2016.
I will keep an eye on what the monthly close will looks like on Monday, while a retest holding of the horizontal support @ 1.9035 will definitely set price lower, i will like to see 2/3 retest of the zone as we can see on GBPUAD before the next proper SHORT side run that will last long, the long term target of the SHORT trade will be @ 1.7000
I will keep an eye on what the monthly close will looks like on Monday, while a retest holding of the horizontal support @ 1.9035 will definitely set price lower, i will like to see 2/3 retest of the zone as we can see on GBPUAD before the next proper SHORT side run that will last long, the long term target of the SHORT trade will be @ 1.7000
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