GBP/NZD short sellers will dominate the market
British pound versus New Zealand dollar Trading: GBPNZD
Hello friends!
The downtrend on GBP/NZD, defined by the red color of last week’s candle as well as the fact that the pair is in the overbought zone based on the proximity of the upper band of the BB range, makes me expect a bearish bounce from the resistance line above and a retest of the local target below at 2.290.
Disclosure: I am part of Trade Nation’s Influencer Program and receive a monthly fee to use their TradingView charts in my analysis.
✅ Like and comment on my thoughts ✅
