GBPNZD W1: At Prior Highs
The GBP is still strong (long-term), it's getting oversold, so its recent weakness should be overcome soon. The NZD remains the weakest currency and is overbought.
The GBPNZD pair is in a strong short-term up trend, likely to find support at current levels and continue higher.
The caveat - in the long-term, the pair is trading in a range, found resistance at prior highs. If it fails to break through this level (about 2.105), the setup is going to fail.
The GBPNZD pair is in a strong short-term up trend, likely to find support at current levels and continue higher.
The caveat - in the long-term, the pair is trading in a range, found resistance at prior highs. If it fails to break through this level (about 2.105), the setup is going to fail.
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