NZD has shown good power when looked at over 5 weeks and also 15 weeks. GBP on the other hand has been weak through the last 15 weeks and also the last 5 weeks. I therefore I think it is prime time for a reversal of trend and that the GBP/NZD pair will move to the upside now that we see a buying pressure from the trendline.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.