GBPNZD--SHORT--Correction

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GBPNZD--SHORT--CorrectionBRITISH POUND / NEW ZEALAND DOLLARFX_IDC:GBPNZDcatalytsMajor Resistance Test & Corrective Retest Setup Current Price Action: The pair is currently testing a major horizontal resistance zone around 2.35240. -- Following sustained bullish momentum since the beginning of the month, the pair is reaching an overextended state where a corrective pullback is expected. -- Price is navigating toward the August High , oscillating cleanly within the gray descending channel. --Looking for downside rotation from resistance toward the August High target zone..