GBPNZD Chart Technical Outlook corrects higher after the RBNZ holding rates
GBP/NZD broad bias is bullish but recently found a bottom and bounced higher. The RBNZ’s decision to hold rates unchanged while money markets priced a hike weighed on NZD.
I expect the upward correction to continue to test the last week’s high at 2.0590.
Resistances: 2.0550, 2.0590
Supports: 2.0400, 2.0325
