GBPNZD is creating a widely stretched falling wedge pattern here and we also have resistance at 2.2430 which is the 2016 high currently.
A close above this area would likely bring the attention of buyers, signaling a rally. I am unsure of how far up the rally would go, but I will be keeping my eye on a possible buy signal above that area. Beyond that, I am really just watching to see what price does with this wedge.
A close above this area would likely bring the attention of buyers, signaling a rally. I am unsure of how far up the rally would go, but I will be keeping my eye on a possible buy signal above that area. Beyond that, I am really just watching to see what price does with this wedge.