GBPNZD ready for pullback?
- There seems to be either a triple bottom or inverted head and shoulder in the 4 hours chart. Yet to confirm since price yet to penetrate neckline.
- Volume seems to be higher on the left side compared to the left.
- Expect the pair to pullback to at least the resistance line.
Comment:
Instead of making a pullback up, this pair looks like going to go lower. Yesterday's key reversal couple with an inside bar from the previous 2 days give a strong indication that this is about to go lower. Will be looking for opportunity to SHORT the pair.