GBPNZD: Catching a Pullback 🇬🇧🇳🇿

Long

Sterlina / Dollaro neozelandese (OANDA:GBPNZD)

OANDA:GBPNZD Sterlina / Dollaro neozelandese

Multiple Time Frame Analysis Support and Resistance Parallel Channel GBPNZD pound britishpound poundsterling newzealanddollar

mtfa supportandresistance parallelchannel gbpnzd pound britishpound poundsterling newzealanddollar

snapshot

GBPNZD dropped to a key level.
Analyzing the intraday perspective the reaction to that structure was overwhelmingly bullish:
the price managed to break and close above a resistance line of a falling parallel channel on 4H.

Now the price may go higher.

Next resistance - 1.933

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