GBPNZD LONG

22 thg 4, 2015

GBPNZD held major support level at around 1.9350 area. A rejection bar formed on the daily chart at this level indicating possible price reversal. Also A decent falling wedge has been forming for the past few days which increases the probability of price breaking out of this consolidation into higher levels at around 1.9800/1.9900 area which is the nearest strong resistance level. I am watching for the break of 1.9600.