GBPNZD Weekly Forex Forecast 25th November to 1st December by yshashmi37 on

Midterm forecast:

1.9245 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.9245 is broken.
Technical analysis:

A trough is formed in daily chart at 1.8620 on 11/16/2018, so more gains to resistance(s) 1.8930, 1.9095 and maximum to Major Resistance (1.9245) 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 37.

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