The GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023.
made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941.
On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.
made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941.
On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.