As you’d expect, GBPNZD is another currency pair taking a downfall. With a confirmed short term downtrend and a break in its original uptrend. This is the second most recent attempt at testing the 2.09324 floor.
Reasons to take: - Price has broken the support floor of my descending triangle establishing a new lower low - Price is below the EMA100 - Momentum is negative - although not currently down facing - Stochastics are below 50, facing downwards, oversold and %D is over %K
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