GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.9751, 1.9801, 1.9824
Key Support Levels: 1.9655, 1.9566, 1.9530
The price on the daily time frame succeeded to change direction after failing to cross and close below the daily support around the 1.9190 USD mark. The price started to trend to the upside by posting higher highs and lows and broke recently the 1.9655 USD level. we are in the middle of a correction and a rally might be seen after it ends.
GBP/NZD Medium-Term Trend: Bullish
On the 1-hour time frame the price is trading near the strong support and inside a wedge formation. A bullish candlestick with a big body is posted which shows that buyers are in control, and it could lead to a move higher toward the target profit.
Buy Market Order @ 1.9668
TP 1 @ 1.9749
TP 2 @ 1.9801
Stop Loss @ 1.9630
Trade Safely 🙂