GBPNZD: WEEKLY SCENARIO – 14 February 2022

Technical Analysis

GBPNZD Technical Analysis: Weekly Chart

GBPNZD Technical Analysis

In the weekly charts, GBPNZD is trading in an up channel.

It is trading above all SMA.

The immediate support is 2.0291 & the resistance level is at 2.0534.

GBPNZD is trading in the up channel until there is a trend reversal

GBPNZD Technical Analysis: Daily Chart

GBPNZD Technical Analysis

In the daily charts, GBPNZD is trading in an up channel.

It is trading above all SMA.

The immediate support is 2.0359 & the resistance level is 2.0518.

GBPNZD is trading in the up channel until there is a trend reversal.  

How to Trade GBPNZD this Week:

GBPNZD will follow the uptrend until their trend reversal. So, remain bullish on GBPNZD.

TRADE SUGGESTION- BUY AT 2.0470, TAKE PROFIT AT 2.0518 AND STOP LOSS AT 2.0359

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