GBPNZD with a chance to break resistance
Taking into account the last 20 years, we can say that GBP/NZD is at a very low level. The New Zealand currency is falling recently, which may be a chance to continue growth on that pair. Since November last year, we have seen a moderate bullish trend. Line that connects the last five lows is respected.
Current rebound also began from that line. Price is close to resistance zone resulting from the previous bearish gap. Breaking resistance would be a clear signal for further growth and a double bottom pattern would be set. So it seems that it is worth to have an eye on the graph in coming days.
Current rebound also began from that line. Price is close to resistance zone resulting from the previous bearish gap. Breaking resistance would be a clear signal for further growth and a double bottom pattern would be set. So it seems that it is worth to have an eye on the graph in coming days.
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