GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook heads north in a corrective pattern with a target of 2.1450
GBP/NZD broad bias is bullish as the BoE can be more hawkish than the RBNZ.
Prices consolidate in an expanding triangle that could be the X leg in a broader WXY corrective pattern. It has more room for the upside to 2.1450. If that level holds, the mentioned corrective pattern could be in play for a downside projection at 2.1100. Fading any of those levels would offer good value.

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