GBPNZD Facing a Heavy Confluence of Technical Support

British Pound / New Zealand Dollar (FX:GBPNZD)

FX:GBPNZD British Pound / New Zealand Dollar

There is a strong mix of technical support near where GBPNZD closed out this pas week.

A confluence of the 200-day SMA, a five-month trendline and two major Fib retracements all fall around 2.23.

See my full run down of this and other FX trade setups in my weened trading video:

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