GBP/NZD eyes another attempt at horizontal resistance.
GBP/NZD has been on an upward trajectory since the start of the year and a series of higher lows remain in place, adding to the bullish outlook for the pair. Trendline support remains in place and has provided an uplift every time it has been approached. However with the EU and the UK continuing to take hard line positions ahead of detailed Brexit talks I think resistance will keep price below 2.0439 level and possibly break below the sharp uptrend to start a move lower. News could really move this one so keep an eye on the headlines.
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