GBPNZD Chart Technical Outlook

GBPNZD Chart Technical Outlook heads north toward 2.0760 on strong UK data

GBP/NZD’s broad bias is bullish. Prices have recently completed a three-wave corrective structure and bounced higher in a bullish leg. There is room for more gains toward 2.0760. If broken, 2.0850 is the following barrier. Supports are located at 2.0610 and 2.0540.
The bullish move is supported by strong Employment and Wages data from the UK and softer Inflation Expectations from New Zealand.

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