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smg200682

Reversal: End of rally for NZD against the GBP (BUY)

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
smg200682  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis GBPNZD
10
4
trendanalysis gbpnzd
NZD has shown good power when looked at over 5 weeks and also 15 weeks. GBP on the other hand has been weak through the last 15 weeks and also the last 5 weeks. I therefore I think it is prime time for a reversal of trend and that the GBP/NZD pair will move to the upside now that we see a buying pressure from the trendline.
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