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GBPNZD: Short term Bullish Idea can push it towards 1.98 - 2.0

Long
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
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OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdanalysis gbpnzdlong gbpnzdbuy gbpnzdsignal gbpnzdforecast gbpnzdtradeplan
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trendanalysis chartpattern indicator gbpnzd gbpnzdanalysis gbpnzdlong gbpnzdbuy gbpnzdsignal gbpnzdforecast gbpnzdtradeplan
GBPNZD has reached to the bottom of the rising channel and is under bullish pressure from the divergence created between the price and MACD.
Fibo retracement of 50 & 61.8 coincides with the previous structural support now can be seen as resistance.
Price can bounce up to the zone of 1.98 - 2.00 and then turn bearish for the future continuation.

GOOD LUCK FOR YOUR TRADES !!! PLEASE SHOW YOUR SUPPORT IF YOU LIKED THE IDEA
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