GBPNZD approaching ascending trendline! Potential for a bounce!
Price is facing bullish pressure as it continues to hold above the ascending trendline and Ichimoku cloud support, in line with our bullish bias. We could potentially see a bounce at 1st support, which is in line with 61.8% Fibonacci retracement, 61.8% Fibonacci extension and horizontal swing low support, and further upside towards 1st resistance, in line with 61.8% Fibonacci extension and horizontal swing high resistance.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
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