FX:GBPNZD   British Pound / New Zealand Dollar
GBPNZD broke major downtrendline
Bullish wave (a) ended at level 1.9585
then corrective bearish wave (b) rejected from support level at 1.9375 with strong bullish movement
Above SMA 100
MACD shows start of bullish momentum
It's expected forming bullish wave (c) to target resistance level at 1.9935

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.