Trade of the Day: GBPNZD
26 May 2022
The trend for GBPAUD at the moment is more to downtrend. So, our priority is to find short entry and the important zone near the resistance line.
Until there is a clear breakout of the current trend, we will consider the current price movement will continue in downtrend,
If the price touches the resistance, we will be looking for opportunity to find short position
If the price breaks the resistance line, there possibility the trend will change. So, we will be looking for opportunity to find long position when the price back to retest the resistance become support trend line.