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Trading Idea - GBP/NZD, 11-06-2021
Trading Signal: GBPNZD
| Order | Buy |
| Direction | Range Bound |
| Pattern | Fibonacci Support Test |
| Interval | 1 hour |
| Length (Candles) | 9 |
Idea Summary
Short term GBPNZD forecast is bullish. The technical analysis of the GBPNZD chart in 1-hour timeframe reveals the price is trading with upward bias after bouncing off the Fibonacci 23.6 support level. There is a small likelihood the price may reverse and resume declining to test the Fibonacci 23.6 support level.
Note:
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