GBPNZD Chart Technical Outlook to go higher on Soft New Zealand inflation data
GBP/NZD broad bias is bullish, and the recent inflation expectation for New Zealand showed soft data that weighed on NZD today. I expect more upside reactions for wave B in a corrective pattern for the bullish trend as we mentioned yesterday’s bullish harmonic pattern. 2.0060 to 2.0090 in the next barrier. Supports are at 1.9950, 1.9850.