GBPNZD analysis


Technical reviews

The currency pair is trading in the range of the resistance level of 1.9185 and the upper limit of the descending price channel. A bearish divergence has formed on Awesome Oscillator, and the Stochastic Oscillator signals overbought condition.

GBPNZD rate online: monitor the price movement in real time.

Trading idea:
Sell when a descending pattern 1-2-3 is formed, where wave 1 breaks through the inclined channel of the ascending pattern.
Stop loss beyond the local maximum (1.9185).
Target levels: 1.8920; 1.8850.

Author: GC
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