Trade Idea: GBPNZD – Approaching Key Resistance Zone | Sep 17

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GBPNZD – Bullish ST, But Approaching Key Resistance Zone (weekly chart)

Price Action Context

Gaining 5 of the last 6 weeks, LT the GBPNZD pair is in a larger corrective structure between 1.82 and 2.00. The pair is approaching a key resistance zone which may offer some bullish profit taking or possible selling opportunities.

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Trending Analysis

ST bullish, LT neutral so looking to potentially sell into resistance around 1.9754-2.001

Key Support & Resistance Zones

R: 1.9754, 2.001

S: 1.886, 1.82

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