FX:GBPNZD   British Pound / New Zealand Dollar
GBP/NZD pauses at major trendline support at 1.8925.
Price action is below daily cloud and technical studies are bearish .
Further, bearish RSI divergence adds to bearish bias.
Break below 1.8925 raises scope for test of 200-DMA at 1.8549.
Violation at 200-DMA could see further weakness.
On the flipside, 20-DMA is strong resistance at 1.9050.
Breakout above daily cloud invalidates bearish bias.

Support levels - 1.8925 ( trendline support), 1.8785 (Nov 9 low), 1.8614 (Jan 12 low), 1.8549 ( 200-DMA )

Resistance levels - 1.9019 (5-DMA), 1.9050 ( 20-DMA ), 1.9136 (cloud top)

Good to go short on break below 1.8925, SL: 1.9050, TP: 1.8785/ 1.87/ 1.8615/ 1.8550.
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