hello to this quick analysis
GBPNZD on weekly chart
rejected 2 times from the resistance level @ 1.9770-1.9750
at this level also it was the 50% level fibonacci of long term trend
we will go on shorter time frame daily chart
that above correction build a bullish trend
now here we have a trend line on daily chart
now i expect to test this trend line @ 1.9270 and also have the SMA 200 will it may support the price and grow up again
a deep down could test the buy area at 1.9170 and grow up from it
wait these levels carefull befor taking any trade
GBPNZD on weekly chart
rejected 2 times from the resistance level @ 1.9770-1.9750
at this level also it was the 50% level fibonacci of long term trend
we will go on shorter time frame daily chart
that above correction build a bullish trend
now here we have a trend line on daily chart
now i expect to test this trend line @ 1.9270 and also have the SMA 200 will it may support the price and grow up again
a deep down could test the buy area at 1.9170 and grow up from it
wait these levels carefull befor taking any trade