GBPNZD is rejected again from the previously broken long-term trend line
On the GBPNZD daily chart, we can see that the pair is rejected from the 1.9300 level a previously broken strong downside resistance and a 50% Fibonacci retracement of the latest swing down. Only a daily close above the 1.9300 could now invalidate a new leg lower. Your target on the short trade entry should be between 1.8900 and 1.9000.
Note: look for the short trade entries with the stop loss above the 1.9300 level.
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