GBPNZD: Still Bearish! Technical Outlook 🇬🇧🇳🇿
Updated
As I earlier predicted,
GBPNZD dropped sharply last week.
We saw a strong bearish rally to 1.9 level.
For now, the market is trading within a falling wedge pattern.
Its resistance serves as the point for sellers to short from.
I believe that the pair will keep falling within the boundaries of the wedge.
Closest supports:
1.90
1.892
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