Hello traders,
Quick analysis: The pair GBPNZD possibly declining from the current price action. For more than a month the pair moving in an ascending trend line and marking the current price range around 1.92720.
By ascending structure formation the price range will fall more down from the current zone.
By the breakthrough @1.19520, the previous support turned resistance. The down run will be flawless to the marked level. But the traders are advised to take multiple stops in that to manage their consistency.
The structural breakout added a boost for a downflow. The fall may up-to 1.89349.
KEEN ON THE MOVEMENT AND DECIDE OUR TRADE.
Quick analysis: The pair GBPNZD possibly declining from the current price action. For more than a month the pair moving in an ascending trend line and marking the current price range around 1.92720.
By ascending structure formation the price range will fall more down from the current zone.
By the breakthrough @1.19520, the previous support turned resistance. The down run will be flawless to the marked level. But the traders are advised to take multiple stops in that to manage their consistency.
The structural breakout added a boost for a downflow. The fall may up-to 1.89349.
KEEN ON THE MOVEMENT AND DECIDE OUR TRADE.
