GBPNZD potential downside

FX:GBPNZD   British Pound / New Zealand Dollar
106 0 2
#Price rejects at the monthly key resistance & 3rd bounce of monthly downtrend line.

#Weekly candle closes with bearish engulfing bar with almost no downside wick , indicates high selling pressure

#Price is testing broken support - a new resistance

#could be a potential long term swing short setup
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