GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook faces an upside barrier at 2.1276 We have seen buying pressure this morning and the time frame analysis highlights the scope for further gains. With bespoke resistance located at 2.1264 and the projected confluence barrier at 2.1276, we look for the rally to stall within this zone.
Although the bias remains bullish, we would need to see buyers return at either the 2.1185 points of control (PoC) or 2.1164, projected timescale support.

We will be happy to hear your thoughts

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