GBPNZD DOWNSIDE CONTINUATION
Yesterday PM May deferred the vote on Brexit in Parliament that was meant to take place today so she can discuss the current draft agreement with the EU again. She was highly unlikely to win the vote regardless and the markets took this news negatively. Looking at the GBP pairs we have an opportunity to continue to trade this currency lower and GBPNZD looks good for further downside.
Technically the market is in a downtrend and the lower timeframe averages are lining up with the higher timeframe averages with price currently re-testing the averages.
Look for bearish price action here for continuation trades lower.
Technically the market is in a downtrend and the lower timeframe averages are lining up with the higher timeframe averages with price currently re-testing the averages.
Look for bearish price action here for continuation trades lower.
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