GBPNZD Triangle Breakout Eminent!
The Pound Kiwi has worked itself into the point of an ascending triangle formation with its resistance lying near 1.945 and current price at ~1.942. Will the pair breakout or retract back toward the lower bound? Could go either way so watch out! Today's daily candle is nearing a close, subsequent price action going into the Asian session will be key in making a decision to enter on this setup.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.