GBP/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.9822, 1.9857, 1.9900
Key Support Levels: 1.9764, 1.9670, 1.9662
The price on the daily time frame is trending to the upside where it posted higher highs and lows. the price succeeded to break the daily resistance (now support) around the 1.9764 USD, and it retraced to it. We expect further movement to the upside in the coming hours.
GBP/NZD Medium-Term Trend: Bullish
On the 1-hour time frame, the price succeeded to break the bullish flag to the upside with the help of a double bottom. We expect a lower correction to the neckline of this pattern before a move all the way up to the target profit.
Buy Limit Order @ 1.9773
TP 1 @ 1.9827
TP 2 @ 1.9857
Stop Loss @ 1.9746
Trade Safely 🙂