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GBP/NZD Breaks Out

GBP/NZD Breaks Out

Currently the GBP/NZD is at 2.3368, after breaking out of the wedge. We are looking for a continuation of the day chart trend area at 2.3210 and expect a bounce there. The average daily true range for the pair currently is 348 pips.

GBP/NZD Daily Chart

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