GBPNZD - 240 - Seems to have found some support
Quick idea.
It looks like GBPNZD had found a bit of support, but the bulls are still cautious. This might present itself with an opportunity to move higher, but first we would like to see a clear break above 1.9570 area and aim for slightly higher areas.
On the other hand, if this is just a temporary pause before a further slide, we will consider this scenario if we see a drop below 1.9412 zone.
Please see the chart for details.
Don't forget your stop-loss.
It looks like GBPNZD had found a bit of support, but the bulls are still cautious. This might present itself with an opportunity to move higher, but first we would like to see a clear break above 1.9570 area and aim for slightly higher areas.
On the other hand, if this is just a temporary pause before a further slide, we will consider this scenario if we see a drop below 1.9412 zone.
Please see the chart for details.
Don't forget your stop-loss.
Trader’s Espresso – 07:00 GMT
Trader’s Tea Time – 14:15 GMT