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GBP/NZD buyers pushing price up
British Pound / New Zealand Dollar
Long
GBP/NZD buyers pushing price up
By MujkanovicFX
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Updated
Dec 3, 2019
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Nov 4, 2019
Hi traders.
Here we have an interesting setup in GBP/NZD.
The pair has completed a pullback to a daily support zone and is forming a indecisive doji candlestick in today's trade.
The level aligns with the 38.2% Fib level, and the daily RSI shows a hidden bullish divergence.
Zooming-in to the 4-hour chart, we get a nice bullish wedge pattern with the price retracing at the lower wedge support.
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Dec 3, 2019
Trade closed: target reached
Closed at 2.03
Beyond Technical Analysis
brexit
Chart Patterns
fed
Forex
fx
GBP
GBPNZD
LONG
NZD
signals
Trend Analysis
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