GBP/NZD - Break of Ascending Structure

Short

British Pound / New Zealand Dollar (OANDA:GBPNZD)

OANDA:GBPNZD British Pound / New Zealand Dollar

trendanalysis chartpattern indicator fxaxe forex gbpnzd cycle bearish key level downside break

Will we see further downside movement on this pair?

We saw a break of structure last week after price tagged the top of our ascending channel around a key long term level in the market. Will we see price cycle down to the bottom of previous structure?

This pair indicates strength vs strength in the forex markets at the moment. Want to know what this means? Drop me a message?

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