ForexTrendline

Range in GBPNZD. We expect a break!

Short
FX_IDC:GBPNZD   British Pound / New Zealand Dollar
In recent months, we have seen many sideways movements in the forex market in anticipation of clear trends. During this time we can trade within the channel, and in case of a break we can look for a continuation in the direction of the break!

Today we show you the possibility at GBPNZD. Here we have a side movement started at the beginning of the month, which finds very strong support at 1.91. In case of a break of this level we will expect an intensification of the down movement!

The initial goals are:
1.9005
1.8980

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