GBPNZD ANALYSIS
GBPNZD broke major downtrendline
Bullish wave (a) ended at level 1.9585
then corrective bearish wave (b) rejected from support level at 1.9375 with strong bullish movement
Above SMA 100
MACD shows start of bullish momentum
It's expected forming bullish wave (c) to target resistance level at 1.9935
Bullish wave (a) ended at level 1.9585
then corrective bearish wave (b) rejected from support level at 1.9375 with strong bullish movement
Above SMA 100
MACD shows start of bullish momentum
It's expected forming bullish wave (c) to target resistance level at 1.9935
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