Ransquawk

GBPNZD -poor readings for the British economy and frequently appearing rumors about matters related to Brexit negotiations, effectively weaken the Pound. Recently, the price fell below thelows of April and May, which destroys the positive set of extremes. Looking at the chart on the weekly scale, it seems that the supply can lead the price at least towards support based on a low from the beginning of the year. Slightly lower, we have the bottom edge of the growth channel, which lasts nearly two years. Potentially we have several hundred pips of space for possible falls.

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