GBPNZD: Bullish Accumulation
Updated
Very peculiar bullish pressure this morning on GBPNZD.
On a daily, the price is currently trading within an ascending triangle with two consequent higher lows.
For now, 1.92 is a strong horizontal resistance where the price sets equal highs.
In case of its bullish breakout (daily candle close above), a strong swing move can be initiated.
In case of a confirmed violation, the next goal for buyers will be 1.96 level.
Also, note that the price is currently trading above a major falling trend line.
It is a very important clue as well.
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