GBPNZD has been in a strong uptrend since the start of 2024, forming consecutive higher highs and higher lows. We've just hit a new high at 2.26481 and are starting to see rejection. This sets up a high-risk, high-reward swing trade targeting the previous higher high at 2.17900. Nearly 1000 pips of potential! Waiting for further confirmation before entering.
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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.