The GBP/NZD is at the support. Market is making a 1-2-3 pattern as the price is supported at the M L3 level.
An upper trend line is adding to the confluence of uptrend technicals. 1.9700 is support and we might see the price above the support as its bullish. A bounce off the trend line is aiming for 1.9790 and possibly more. 1.9900 and 2.00 if the market keeps on bullish momentum. This is a daily time frame.
(Click on image to enlarge)





Comments
Log in or sign up to join the conversation.