GBPNZD analysis 13.07.2020
The overall trend is downward. The currency pair is trading in the upper edge of the descending price channel. An ascending truncated H2 level pattern has formed. A bearish divergence has formed on Awesome Oscillator.
GBPNZD rate online: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated H2 level pattern.
Stop Loss for the local maximum (1.9263).
Target levels: 1.9036; 1.8923.
