FX:GBPNZD   British Pound/New Zealand Dollar
62 1 6
The rate is currently testing the 7-month falling trendline resistance, a polarity change as the former support becomes the new resistance and the resistance from a breakaway falling gap.

Although normally these signs would be an indication for further downside, the RBNZ rate cut and openness to further cuts make's me bullish on the pair.

I am waiting for an upside break and a daily close above 2.1500 before entering though.

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Great channelling, mate! The current consolidation (red channel) may last longer, breaking the falling resistance (blue channel) but yet not turning into total bullish.
Keep it up!
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