GBPNZD Facing a Heavy Confluence of Technical Support

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:


It's forming bearish ww and may visit 2.16-2.18. Risk event is RBNZ rate deciion. If there is rate cut than extremely dovish tone is required to stop nzd from rally. If no rate cut than nzd will become more strong.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out