Forex

The GBPNZD prepares for strong decline – Analysis – 19-7-2019

2019-07-19 08:20:28 GMT (Economies.com)

The GBPNZD pair reinforced the negative domination by exiting the bearish channel, to notice the stability below 1.8525 support line, attempting to hold within new negative range as appears on the chart.

 

Gathering additional negative momentum allows us to expect declining towards 1.8365 level direct, to form the first target for the near term trading followed by extending trading towards the main target at 1.8141.

 

The expected trading range for today is between 1.8510 and 1.8365

 

The expected trend for today: Bearish

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