GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook heads toward 2.0580 within a corrective pattern* GBP/NZD found a bottom in October to shape a double-bottom pattern with room for upside price action to 2.0580. Technical indicators support the bullish move, while retailers’s sentiment is mixed. The broad bias is bearish. Prices correct higher in wave four of the recent decline. A three-wave corrective structure in play. Resistances: 2.0580, 2.0700 Supports: 2.0390, 2.0280

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