GBPNZD H4

Price is following a bearish downtrend making lower lows & highs. Price finished off last week, rejecting the top of the bearish channel for a 3rd touch, which aligns with a key area of resistance looking left. Price formed a bearish rejection at the critical region, showing that buyers are failing to push price above this key region, forming a new lower high. This upcoming week, I will be watching this key region for a bearish reaction & continuation lower towards the bottom of the channel to resume the downtrend for a new potential lower low next.