GBPNZD Downward Movement

21. März 2020

GBPNZD seems to have reached the area of resistance basing on the trend line drawn on the Monthly highs and also having a wick formed on the monthly candle stick showing price rejection as it tried to go higher. In addition on the weekly and daily time frame, pin bars seem to have been formed in an area of value hence showing signs of a trend reversal. Best looking for an entry next week possibly March 23 or at the end of the month after the closure of the monthly candle stick.