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.