GBPNZD long view

Looking at the chart on the four-hour time frame, we see the movement in a growing channel with support for moving averages, especially with the MA200 and EMA200. For a stronger bullish sequel, we also need a break above the EMA50. The pair finds support at 1.94500 by retesting the previous higher high. If it doesn't last and the pair makes a break below that level and a drop below MA200 and EMA200, as well as the lower support lines, we descend to zone 1.92000-1.94000. If the pair endures and makes a beak above, we look at the 1.97000 -1.98000 zone with a view to the psychological level at 2.00000.