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GBPNZD Market Analysis: Fibonacci Analysis
Posted on Nov 9, 2023 | by Yuki Tanaka
What’s the scoop, traders? Is a Bearish trend setting in on the GBPNZD daily chart from 8th Nov to 9th Nov 2023 or a bullish vibe targeting Fibonacci Expansion Level 61.8? The formation is still in progress and it’s about to touch the baseline 0% at 1.88388. We see that the market has created a lower high. The chance that the market might fall below 0%, but if the market breaks the last lower high then it has a chance to touch or reach the 61.8 Fibonnai Expension Level. We hope you are gearing up to catch the movement and confirm the signal with other technical analysis.
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