GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook stalls close to 2.0892 support
Although we have seen continued downward pressure from the 2.1587 swing high, the cross has stalled at the 2.0910-2.0892 support zone. This area is:

  • 2.0910 is the projected confluence zone for a Bat pattern.
  • 2.0892 is bespoke support.
    Conclusion: there is ample scope for a correction to the upside within the BC leg of the Bat formation. Time frame analysis highlights Friday , October 27 as the next significant calendar date.

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