GBP/NZD - demand reaction at very interesting level
Last week's analysis was profitable. I wrote: "Today support was broken (it stopped declines for 2 months) and right now there is a clear path for bears to test 2.0800". In the area 2.0800 there is an equal A=B of current correction. This level is strengthened by important support.
A little lower at 2.0600 there is Fibonacci 78.6% of previous upward movement, which lasted from April to August 2015. Nearest resistances are at levels: 2.1510, 2.2430, 2.3300 and price is reaching there. Support is located at area 2.0800 - 2.0600.
Time-frame D1
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