Dear traders,
1. GBPNZD bullish rally was stopped right on the Fibo's 161.8. Here we can see that this resistance is very strong.
;
2. 4H MACD is overbought, and signalling to Sell.
3. According to Dow Theory, there is C point of the pitchfork is confirmed.

Target is Fibo's 50% @1.3360.
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