GBPNZD Analysis

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• Immediate resistance is located at 1.8905 (50%fib), any close above will push the pair towards 1.89631 (5DMA)

• Immediate support is seen at 1.8758 (38.2%fib ) and break below could take the pair towards 1.8570 (23.6%fib).

Recommendation: Good to sell around 1.8750, with stop loss of 1.8900 and target price of 1.8600.

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