GBPNZD: Watch for a breakout Short
British Pound/New Zealand DollarFXCM
Description
⋅ 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: