LimitMarkets

GBPNZD trading in descending channel

OANDA:GBPNZD   British Pound / New Zealand Dollar
The parity price is edging up, but the upper band of descending channel formation will be a strong resistance line for the bullish movement. In the case of breakout, 1.8900 and in long-term 1.9000 will be the next resistance levels. Most likely, the price will bounce off from the upper band. 1.8740 will be the support and downward target.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.