GBP/NZD Weekly Chart Analysis
Looking at GBP/NZD from a bigger picture, GBP/NZD finished 5 waves up and is currently trading inside its big ABC corrective cycle. Zooming in a little bit, we can spot a bearish continuation to the downside towards retesting the critical area around 1.8366.
If the price manages to break below this area, then we expect further continuation for more downside towards retesting previous lows around 1.78000 and even 1.70000 in the long-run.
Goodluck everyone!
M.Y.
If the price manages to break below this area, then we expect further continuation for more downside towards retesting previous lows around 1.78000 and even 1.70000 in the long-run.
Goodluck everyone!
M.Y.
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