GBPNZD could go down for weeks

GBPNZD is about to end a long rally started in august. The pair made a fake breakout of the top line of the long-term channel until 1.9850. Now it has reintegrated the channel and seems to have broken the low line of the medium-term channel as you can see on the chart. The spot could be interesting for a long term swing trade until 1.81-1.8200.

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