GBPNZD looks to be weakening and follow GBPAUD
As with GBP/AUD, last weeks GBP/NZD weekly candle was just about BULLISH but price currently is 240 pips below the weeks high.
Technically a move down to support at 1.7739 and key support at 1.7696 looks likely adn then we will need to see if this support holds.
If 1.7696 fails (200sma on H4) then a move down to 1.7570 (200sma on DTF) lokms and under that we could see a more sustained move south.
Technically a move down to support at 1.7739 and key support at 1.7696 looks likely adn then we will need to see if this support holds.
If 1.7696 fails (200sma on H4) then a move down to 1.7570 (200sma on DTF) lokms and under that we could see a more sustained move south.
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