R_Anaklusmos

Double possible scenario for short term action GBPNZD

R_Anaklusmos Updated   
FX:GBPNZD   British Pound / New Zealand Dollar
Even though I have identified these two possible opposite movements, in the overall extent, GBPNZD is on an uptrend, which makes me believe it is safer to go Long. Also, there is a very slight divergence detected (with MACD).
In macro terms, Biden election will certainly push USD down, and therefore GBP will be valued towards USD (and very likely against every other currency).
Pandemics will very like have a neutral impact on this movement.
Comment:
White lines correspond to major Supp / Res zones
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.