GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook trades lower, likely to test 2.0665 support area the Pound has been rejected, once again at the 2.0900 resistance area which has given bears hopes to test a key support area, at 2.0665.

The pair is forming a triangle pattern since the May-June rally lost steam, with a successful break of 20665 support confirming a reversal and opening the path towards 2.0510 and 2.0350.

On the contrary, a rally above 2.0665 would suggest a continuation pattern towards 2.1030.

We will be happy to hear your thoughts

      Leave a reply

      error: Content is protected !!
      Compare items
      • Total (0)