Hello traders, Prospects of the currency pair GBP/NZD based on technical analysis. The main focus will be on resistance and support levels, volumes, and basement indicators. Let's look at the chart:
The pair has risen well, hit the target, and reversed. On the chart, it can be seen that the pair tested the level of 2.2465 and is currently trading at a price of 2.2421. The RSI indicator is moving in the middle of the range and hesitantly looking down, while the AO indicator shows a decent selling signal. The price of the GBPNZD pair is above the trading range of the previous day. The signals are not very strong, but there is a possibility of a slight decrease. I assume that the pair will test the support level of 2.2350. Based on the analysis, cautious sales are recommended until 2.2360. However, remember that the market can be subject to sudden changes, so carefully assess your risks.
