HELLO TRADERS
before we talk about GBPNZD lets take a look at ZXY the nzd index which is a major driving force for this pair
ZXY has been on a descending channel on a monthly TF but for a few weeks its been correcting to the upside
Right now it has started to show signs of continuing lower
and as we know weakness in NZD is strength in GBPNZD
Now back to GBPNZD has been on an ascending channel and now the price is testing the lower channel which wouldprovide a proper entry for us at 1.9100
GOOD LUCK TRADERS
PEACE OUT
before we talk about GBPNZD lets take a look at ZXY the nzd index which is a major driving force for this pair
ZXY has been on a descending channel on a monthly TF but for a few weeks its been correcting to the upside
Right now it has started to show signs of continuing lower
and as we know weakness in NZD is strength in GBPNZD
Now back to GBPNZD has been on an ascending channel and now the price is testing the lower channel which wouldprovide a proper entry for us at 1.9100
GOOD LUCK TRADERS
PEACE OUT
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