GBPNZD – Waiting for a breakout
The GBPNZD is trading just above an important LT support level… I’ll be looking for short opportunities once it breaks the ST support level around 1.9673:
If it breaks the ST support level down, it will be trading around historical lows, therefore any trade taken here would have a 3:1 risk reward ratio.
Trade Safe!
Raul Lopez
Forex Training