GBPNZD is trading within a wide horizontal range on a 4H time frame.
Its support was tested yesterday.
Analysing the price action on an hourly time frame,
we can see a bearish trap, followed by a strong bullish imbalance
and confirmed change of character.
With a high probability the market will start recovering soon and reach
at least 2.124 level.
...
GBPAUD has a nice potential to continue growing
after a test of a significant daily horizontal support.
I see a strong bullish imbalance on an hourly time frame
and a confirmed change of character.
The price will most likely reach 1.9598
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