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Trade British Pound / New Zealand Dollar CFD
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GBP/NZD Exchange Rate
Potential head and shoulder pattern at the weekly structure. I will wait for a break and close below the neckline before considering Trading suggestion:.
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There is a possibility of temporary retracement to the suggested resistance line 1. If so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis:.
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Related analysis GBP/NZD
Show more ideas. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.