The GBP/NZD has completed an ABCD pattern
on the back of 50-61.8% support. The D point is a possible reversal area, and indeed, both stochastic
are conveying to us that the market may be overextended and may soon shift as evidenced by their divergence from price action. Therefore, we're happy to short this market with a stop just above the D point, and an initial target back at the 50-618% area.