GBPNZD: Classic Trend-Following Setup 🇬🇧🇳🇿

Long

British Pound / New Zealand Dollar (OANDA:GBPNZD)

OANDA:GBPNZD British Pound / New Zealand Dollar

supportandresistance parallelchannel triangle gbpnzd pound newzealanddollar gbp forex priceaction forecast priceactionanalysis

Hey traders,

GBPNZD is trading in a bullish trend.
The price is steadily growing within a rising parallel channel.

From the beginning of January, the pair started to consolidate.
The price was stuck around 2.015 level forming an ascending triangle formation.

This night the horizontal resistance was finally broken.
I expect a bullish move to 2.03 level.

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GBPNZD: Classic Trend-Following Setup 🇬🇧🇳🇿

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