GBPNZD Chart Technical Outlook could fade the bearish momentum on the following barrier, 2.0600 eyed
GBP/NZD broad bias is bearish, especially after the surprise hold from the BOE, weighing on GBP.
UK Manufacturing and Services PMI data are due today. If weak, more downside pressure on GBP.
From a technical point of view, this pair is close to bottoming and correct higher. Prices are oversold and below the weekly and monthly ATR range, with room to 2.0600. If broken, 2.0500 is the following barrier.
Resistances are at 2.0750 and 2.0870