GBPNZD Possible paths for the price
Main items we can see on the chart:
a) The price is currently on a resistance zone
b) Based on past behavior if the price is not able to break the level we should see a bearish movement towards the next support zone
c) If the price is able to break the resistance zone, we should expect a bullish movement towards the next one
d) However, if you are interested in trading this situation we would wait first for a clear correction either for the bullish or bearish scenario
a) The price is currently on a resistance zone
b) Based on past behavior if the price is not able to break the level we should see a bearish movement towards the next support zone
c) If the price is able to break the resistance zone, we should expect a bullish movement towards the next one
d) However, if you are interested in trading this situation we would wait first for a clear correction either for the bullish or bearish scenario