GBPNZD: Uptrend Faces Resistance Zone

Wait 5 sec.

GBPNZD: Uptrend Faces Resistance ZoneBritish Pound vs New Zealand DollarTICKMILL:GBPNZDraiaanko39Hello Trading Fam! πŸ‘‹ The market was falling in a bearish channel first (orange lines), showing strong selling pressure. After reaching the bottom, price reversed and started moving up inside a bullish channel (blue lines). Now the price has reached a key resistance zone (red dashed line). This area has rejected price before, so sellers may appear again. The pink arrow shows the possible scenario: rejection from resistance and a move back down inside the bullish channel. In simple terms: Downtrend β†’ reversal β†’ rising channel β†’ price testing resistance β†’ possible drop. Don’t forget to like and share your thoughts in the comments! ❀️