The currency pair GBPNZD on 4-hour chart broke the local resistance at 2.0700 and the downtrend line that began on August 24, 2015.

Currently, the price is the next area of resistance at 2.0810/850, which can slow down the recent rally and lead to a re-test of the broken downtrend line and the aforementioned horizontal support.

Such a scenario could give an opportunity for short-term transactions on the price increase back to the resistance zone or above the level of 2.0900.


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