GBPNZD Bullish Continuation - Will Buyers Push Toward 2.29000 ?

5 giorni fa

GBPNZD is currently trading within an ascending channel, maintaining a bullish structure. The price has broken above a key resistance zone and is now pulling back for a potential retest. This level previously acted as resistance and may now turn into support, aligning with a bullish continuation.

If buyers confirm support at this zone, the price is likely to move upward toward the 2.29000 level, which aligns with the upper boundary of the channel. However, a failure to hold this level could indicate a potential shift in momentum.

Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.

Let me know your thoughts or any additional insights you might have! 🚀

5 giorni fa

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