Trading suggestion: . There is a possibility of temporary retracement to the suggested resistance line (1.9765). . If so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . GBPNZD is in a range bound, and the beginning of a downtrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41.65.
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