$GBPNZD Bearish Expectation.
GBPNZD has been bearish for long term move, But It Trade within 2.100 and 1.85 since Mid 2011. the Pair Made new low at Apr 2013 - 1.80. Since the pair is at upper area of SideWays Line, The Up Move may only test resistant, and more probability for bearish move. I am expecting the price will show weakening bull price formation to short the pair at 2.02, 2.05, or 2.10 area. My down side target will be 1.90 and 1.85 area.
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.