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British Pound / New Zealand Dollar
Short

GBP/NZD Technical Analysis

111

The counter has formed a topping out formation in the near-term.
It made a double top and has broken a key support level of 1.99508.
Further, the round number of 2.00 can act as a psychological barrier in the near-term.
Though a pullback to the top cannot be ruled out, we still expect the pair to be bearish in the near-term.
traderpulse
Also on:
Chart PatternsGBPNZDgbpnzd4hrgbpnzdanalysisgbpnzdforecastgbpnzdideagbpnzdlonggbpnzdsellgbpnzdshortgbpnzdsignalTrend Analysis

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.
Chart PatternsGBPNZDgbpnzd4hrgbpnzdanalysisgbpnzdforecastgbpnzdideagbpnzdlonggbpnzdsellgbpnzdshortgbpnzdsignalTrend Analysis
traderpulse
Also on:

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.