GBPNZD Technical Analysis.
1.GBP is strengthening against kiwi
2.In the next 24 to 72hrs We may see prices attaining 1.9838 area as previous daily close positively with a bit of shrug off
3.Daily Chart is approaching oversold RSI while 4hr is exhibiting a bit of cautious with that RSI Divergence.
4.Break of the inner trendline should be watch closely for a SHORT with target around 1.9462
5.Major Long trade will have to be after a break and hold of 1.9642 in the near term.
My Conclusion is to be Patient and wait for what prices qill do @ either the Previous Day Hi or the Break of that Short Term Trendline before I can be a Seller.
2.In the next 24 to 72hrs We may see prices attaining 1.9838 area as previous daily close positively with a bit of shrug off
3.Daily Chart is approaching oversold RSI while 4hr is exhibiting a bit of cautious with that RSI Divergence.
4.Break of the inner trendline should be watch closely for a SHORT with target around 1.9462
5.Major Long trade will have to be after a break and hold of 1.9642 in the near term.
My Conclusion is to be Patient and wait for what prices qill do @ either the Previous Day Hi or the Break of that Short Term Trendline before I can be a Seller.
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