GBPNZD Double top
It looks like the price has managed to form a double top, the price seems to have moved below the neckline and is now retracing. If the neckline acts as a resistance level, it is very likely that we could see bearish moves over the coming days. If the price fails to bounce off this previously broken support level, it is likely the price would move back into a range and the moving averages would crossover, this shows signs of a bullish push. This is unlikely to happen. I will update this post regularly so I could keep everyone up-to-date on the direction of this pair.
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.