fxkronk

GBPNZD: Watch for a breakout

Short
FX:GBPNZD   British Pound / New Zealand Dollar
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2
Seems like trend will change direction very soon. Just wait for a breakout of that medium term support trendline in the chart.

Reasons:
- Price has reached a long term resistance level
- We can see a bearish divergence in MACD
- Price tests 0.618 level

See the long term resistance level and the 0.618 point here:

Comments

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