Long

GBP/NZD Bullish Trend and Resistance Areas - LONG Setup

The currency pair GBP/NZD has demonstrated a persistent uptrend, which has been sustained by the Dynamic trendline as a reliable support level. As a result, the price has surged and achieved new highs consistently. Currently, the price level hovers just above the 2.0350 threshold, and there is potential for further growth towards the 2.050 area. However, it is worth noting that the 2.050 region comprises various resistance areas that could result in a retracement. Our recommended approach is to align with the primary trend and aim to capitalize on more pips until the resistance zone is reached.

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