GBP/NZD is in a downtrend on the D1 chart. The price has repeatedly touched the 200MA above but has not managed to break out. The trend will likely continue to turn bearish. In addition, the RVI indicator formed a death cross, and the bullish trend may turn into a bearish trend. The RSI is currently in a consolidation phase and the market is not giving an accurate trading direction. At present, we need to pay attention to the key resistance level above 1.95564. If the price cannot be broken through, it will likely fall to 1.92676.
The SAR indicator on the H1 chart appears above the price and is very far away from the price, and the trend has further room to fall. The RVI indicator formed a death cross and was breaking out in the direction of the 0 axis.
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