GBPNZD is forming cup and handle pattern on H1 frame
Price rejected from Moving Average 100 and 61.8% Fibonacci level of preceding bullish wave at 2.0259
Pair is supported above key level at 2.0291
Above HVN at level 2.0056 which indicates that pair is in accumulation phase
RSI is making higher lows
It's expected to target first key level at 2.0432 then continue going up towards level 2.0702
Price rejected from Moving Average 100 and 61.8% Fibonacci level of preceding bullish wave at 2.0259
Pair is supported above key level at 2.0291
Above HVN at level 2.0056 which indicates that pair is in accumulation phase
RSI is making higher lows
It's expected to target first key level at 2.0432 then continue going up towards level 2.0702