theforexportal
Long

LONG GBPNZD after a pullback

FX:GBPNZD   British Pound / New Zealand Dollar
Like most GBP pairs, GBPNZD is in an uptrend but conditions are stretched. H1 is particularly overbought so a pullback to 1.7768 area is preferred before any LONG trades are taken.
1.7594 is the 200 on the DTF and this is quite a distance under the current price.
Look to BUY on any dips.

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