GBPNZD Buy Opportunity

GBPNZD Buy Opportunity

British Pound/New Zealand Dollar


The price reached the resistance zone formed by the downtrend line and 1.94000 resistance level . ADX line of DMI indicator rises and it can support a possible breakout above this zone with further upward movement. Pending orders for buy can be placed above the local swing high. It’s 1.94800 level. Stop orders should be placed below the cloud at 1.90000 level. The profit targets are 1.98000 and 2.00000 levels.
Source: TW DLavrov

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