GBPNZD Long term rising channel breaking down?
Channel has held since OCT 2016. Currently seeing significant selling pressures on the weekly chart and a break lower is looking imminent. Let's see how the week closes.
Note
Looks like a false break. Probably better to wait for a monthly close to confirm a breakout.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.