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AbeikuGlobal_FX

GBPNZD, ripe to short to the next significant level

Short
British Pound / New Zealand Dollar (OANDA:GBPNZD)  
AbeikuGlobal_FX  
OANDA:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Chart Patterns Technical Indicators GBPNZD gbpnzdanalysis oanda gbpusd_forecast gbpnzdstrategy gbpnzddaily gbpshort gbpnzdsignal gbpnzdidea
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trendanalysis chartpattern indicator gbpnzd gbpnzdanalysis oanda gbpusd_forecast gbpnzdstrategy gbpnzddaily gbpshort gbpnzdsignal gbpnzdidea
The GBPNZD was rejected by the upper trendline of the ascending channel on 21st August, 2023.
made a pull back to the 2.13930 support. Price is currently being resisted by the EMA-50 on the 4HR time frame. A break below the EMA-50 could push the price down to ultimately re-test the EMA-200 support at 2.10941.

On the other hand, the fibo retracement could pull price above to 2.14605 resistance entry where the price can have a significant short.
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