GBPNZD, Daily
GBPNZD has formed an ascending channel pattern. The price has reached the upper trendline, and the 161.8 Fibonacci resistance has been tested after crossing the upper Bollinger line. Meanwhile, the %R is also showing a major overbought pattern.
- If the price breaks the trend line above 2.2150, the rise will continue to 2.2600;
- However, if the price bounces, it will start a correction to the lower trendline of 2.1800;