GBP-NZD weekly technical analysis

Pound New Zealand is trading: in two overlapping channels, the first major bullish and the other occasional minor, which tend to rise slightly. We can see from the chart above and from the shape of the two channels that the signs of weakness in the pair started inside the main channel, which paved the way for its breakage and trading below it, but there is support for the cross channel that has rebounded from it. The bottom line of the order is to enter sell as soon as the two channels or supports are broken, trade and close below them and the appearance of a sell signal on the MACD indicator. The next support target is at 1.9190 - 1.9130, which represents a major support level that can be bought from.

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