Hi guys i am trying to get some input from other people. What do you think will happen? Personally i think that GBP/NZD is going to drop because it is in a big downward channel and could not hold on to the smaller upward channel.
My bias is long is price breaks above 4HR trendline and resistance around 1.932. However, I am mindful that there is strong weekly support at 1.91, which price may test before making a move to the upside.
morbidTruffle56613
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@hdivannia, Thanks for your input! I am trying to examine what the best position would be. I am short at the moment but i am not sure. Very appreciated!