GBPNZD: Possible Long Trades with 1.97000 Target

The pair looks interesting for buying. Why?

The price broke the local downtrend line. It gave us a bullish signal. The price retested the broken downtrend line and bounced from 1.94575 support. It is another bullish signal. If the price can stay above 1.93850, we will be able to buy using reversal signals. The main profit target should be 1.97000 resistance.

If the price breaks 1.93265 swing low, it will be a solid bearish signal.



Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.