Possible LONG GBP/NZD trade developing
GBPNZD has broken and closed above the trend line shown. This trend line descends from 1.9049 back in July 2016. The immediate hurdle for GBP/NZD BULLS is the 1.7497 resistance level. A break of this level opens up a move to test the next resistance level at 1.7918.
Under 1.7322/312 area opens the door for a move back to test support at 1.7159
Trade idea
See if price holds up on open and go LONG for a move to 1.7673
SELL under 1.7312 for a move to 1.7159.
Under 1.7322/312 area opens the door for a move back to test support at 1.7159
Trade idea
See if price holds up on open and go LONG for a move to 1.7673
SELL under 1.7312 for a move to 1.7159.
