Weekly chart of GBPNZD and we are facing a critical level. If structure holds an explosive move up will be needed to break the previous multi-year support. If this zone of importance does not hold, likely to continue down to lower zone & along the trend line that has formed.
As always; don't trade assumptions. Wait for price to react to this level and then jump on the wagon.
As always; don't trade assumptions. Wait for price to react to this level and then jump on the wagon.
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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.