GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.9764, 1.9800, 1.9850
Key Support Levels: 1.9662, 1.9591, 1.9550
The price on the daily time frame is in a clear upward movement. The pair is showing higher highs and lows. We are expecting further movement to the upside in the same direction of the main trend.
GBP/NZD Medium-Term Trend: Bullish
On the 1-hour time frame, the price posted a double bottom around a strong support and rallied to the upside. Currently, the price is traded above the 1.9662 USD strong support which might lead to a further move to the upside toward our mentioned target profit.
Buy Limit Order @ 1.9682
TP 1 @ 1.9755
TP 2 @ 1.9800
Stop Loss @ 1.9646
Trade Safely 🙂