. There is still a possibility of temporary retracement to the suggested resistance line (1.9751). if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis: . GBPNZD is in a downtrend, and the continuation of the downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 40 .