GBPNZD Weekly Forex Forecast 11th November to 17th November by yshashmi37 on

Midterm forecast:

There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 1.9835 would begin in Midterm.
Technical analysis:

The RSI bounced from the support #1 at 32 and it prevented price from more losses.
A peak is formed in daily chart at 2.0470 on 10/11/2018, so more losses to support(s) 1.9095, 1.8930, 1.8605 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 32.

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