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Hello Community,
Here is my analysis for today.
GBP/NZD mark: 1.7682
Lets see what we can get from the chart:
We have a very strong support around 1.7630 and it will be hard cross this barrier. We also can see price attempting to recover from the floor observing the new upside candle. By the other hand and for longer expectations we also can see a double top that's why price is now lower. However, in my opinion Support is strong enough to handle further decreaes for now and I expect recover until the top of the channel.
Forecast: Upside
Here is my analysis for today.
GBP/NZD mark: 1.7682
Lets see what we can get from the chart:
We have a very strong support around 1.7630 and it will be hard cross this barrier. We also can see price attempting to recover from the floor observing the new upside candle. By the other hand and for longer expectations we also can see a double top that's why price is now lower. However, in my opinion Support is strong enough to handle further decreaes for now and I expect recover until the top of the channel.
Forecast: Upside
