GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0

Panjang

Paun British / Dolar New Zealand (OANDA:GBPNZD)

OANDA:GBPNZD Paun British / Dolar New Zealand

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GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD.
Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance.
Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation.

GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA

Penafian

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