GBPNZD has been in a staggering teeter uptrend in the past few months. New highs continues to form as previous resistance gets broken after a few trials.
Last week, we saw a bullish burst open above the daily resistance of 1.197500. The bulls against the bears.
We have now seen price come back to this level and at the time of writing, this daily candle is showing a positive retest.
If the bulls seize this level as support, be rest assured that uptrends would continue to form along the coming months.