GBPNZD – Broken Through LT Key Support, Bearish Bias (Daily chart)

Chris Capre 2ndskiesforex

Price Action Context

Strong selling that started around 2.0450 in October took the pair down to a LT key support which was broken mid-November and after a brief re-test of the S/R zone as resistance, selling resumed.

Trending Analysis

Bias is bearish while below 1.9000 and pullbacks into the resistance can offer bears a potential trading location to go short from.

Key Support & Resistance Zones

R: 1.8780 – 1.9000
S: 1.7340 – 1.7550

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Author

Chris Capre

2ndskiesforex

Chris Capre is a professional forex trader and mentor specialized in Price Action trading, and the Ichimoku Cloud.

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