GBPNZD broke upper edge of up channel and then rejected from supply zone at level 2.0435
Bearish movement occurred for retesting upper edge of channel
Price rebound from 61.8% Fibonacci level at level 2.0016
Price broke upper edge of falling wedge pattern
MACD shows weakness in bearish momentum
RSI is in uptrend
It's expected for bullish movement to target supply zone at level 2.0435
Bearish movement occurred for retesting upper edge of channel
Price rebound from 61.8% Fibonacci level at level 2.0016
Price broke upper edge of falling wedge pattern
MACD shows weakness in bearish momentum
RSI is in uptrend
It's expected for bullish movement to target supply zone at level 2.0435