GBP/NZD 4H Chart: Breaks junior pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3) Buy Sell Sell
Alligator (13; 8; 5) Sell Sell Buy
SAR (0.02; 0.2) Sell Sell Buy
Aggregate

The Pound has recently ended trading in the junior channel down pattern on the four hourly chart pattern against the New Zealand Dollar. 

The move was expected due to the fact that the currency pair had touched the lower trend line of a highly speculative medium term channel pattern. The dominant channel is considered speculative, as its trend lines are mildly confirmed. 

In regards to the medium term future, the pair should form a new junior pattern, which should be an ascending one. However, before that the pair would face a strong resistance cluster near the 1.91 mark.

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