ThinkingAntsOk

GBPNZD Possible paths for the price

FX:GBPNZD   British Pound / New Zealand Dollar
Main items we can see on the chart:

a) The price is currently on a resistance zone

b) Based on past behavior if the price is not able to break the level we should see a bearish movement towards the next support zone

c) If the price is able to break the resistance zone, we should expect a bullish movement towards the next one

d) However, if you are interested in trading this situation we would wait first for a clear correction either for the bullish or bearish scenario

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