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GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0

Long
Livre sterling / Dollar Néo-Zélandais (OANDA:GBPNZD)  
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OANDA:GBPNZD   Livre sterling / Dollar Néo-Zélandais
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdanalysis gbpnzdlong gbpnzdbuy gbpnzdsignal gbpnzdforecast gbpnzdtradeplan
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trendanalysis chartpattern indicator gbpnzd gbpnzdanalysis gbpnzdlong gbpnzdbuy gbpnzdsignal gbpnzdforecast gbpnzdtradeplan
GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD.
Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance.
Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation.

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