GBPNZD: Market Overview and How to Trade

The trading idea for this market was posted before, and you can find it in the related ideas below this post.

If we look at the daily chart, we can see that the price is at 2.00000 strong support level. The price has bounced from this level several times in the past. This time we also can expect another bouncing and an upward movement. That's why we have the buy opportunity based on the 1H timeframe.

Also, if the market drops below the support and the local swing low, we should be ready to see the falling after that. If so, we will be able to search for sell opportunities using hourly timeframes.