GBP/NZD Is At The Crossroads

The GBP/NZD is at the crossroads and the price will move either to the upside or bounce lower below resistance.

The POC zone is 1.8840-50 and we should see the price moving up as the price is still technically in an uptrend. If we see a bounce, targets will be 1.8915, 1.8950, and 1.9011. However, a close below D L3 1.8840 will possibly target 1.8804 and 1.8744. As the price is at its final support, my bias is to the upside.

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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

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