GBPNZD: Descending Trend Swinging the Price range

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Hello traders,

If prices fail to comply with 1,8760, the 1,8600 and 1,8410 are able to offer intermediate stops in their descent into the new low of close to 1,8120. On the contrary, the confluence area of 19285-1.9305 can continue to limit the pair’s short-term progress, breaking what the buyers could please the 1.9460 before they challenge it with a resistance area of 19635-55. If the quota keeps strength beyond 19655, Bulls ‘ radar may be blasted with 1,9860 and 2,0000 psychology magnets.

Happy trading.