GBPNZD Long term rising channel breaking down?

Short

British Pound / New Zealand Dollar (OANDA:GBPNZD)

Updated

OANDA:GBPNZD British Pound / New Zealand Dollar

Channel has held since OCT 2016. Currently seeing significant selling pressures on the weekly chart and a break lower is looking imminent. Let's see how the week closes.

Comment:

Looks like a false break. Probably better to wait for a monthly close to confirm a breakout.

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about GBPNZD 7

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