24.11.2020
The currency pair is trading in the range of a descending price channel. At the same time, the support level of 1.9074 holds back sellers, Awesome Oscillator shows a bullish divergence, and the moving averages of Stochastic Oscillator showed an exit from the oversold zone and are directed upwards.
GBPNZD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel.
Stop Loss below the support level of 1.9074.
Target levels: 1.9400; 1.9620.
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