The Pound is under serious pressure but I think that once that is over the GBPNZD will present plenty of opportunity for a buy.
For my previous post and context see below:
For now I expect more bearish price action, but the 1 hr time frame will be the time frame I will be watching for a possible reversal trade or trend continuation trade. While I was preparing this post we saw the move lower after the UK inflation data.
Updates will follow but this pair is certainly on my watchlist.
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