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GBPNZD is trading in a long-term bearish trend.
After setting a new lower low in April, the market started a correctional movement.
The pair was growing within a rising wedge pattern.
Yesterday, its support was broken.
I assume that it may trigger a bearish movement.

Goals: 1.916 / 1.883

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Economic CyclesForexGBPGBPNZDParallel ChannelpoundpriceactionTechnical AnalysistradingWedge

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