The
GBPNZD
has been working for a while to break out of this consolidation pattern that it has been in. Getting a solid close above this resistance zone could lead to a move to the recent highs. Of course, Brexit woes play in to this and so it is not recommended to put much leverage on any GBP related currency pair at this time. With a very small trade size, and a solid break above resistance, we could see a nice trade.
Conversely, a break of the ascending trendline could be all that is needed to see another drop in this currency pair, allowing for a small short trade to make some nice profits.
GBPNZD
has been working for a while to break out of this consolidation pattern that it has been in. Getting a solid close above this resistance zone could lead to a move to the recent highs. Of course, Brexit woes play in to this and so it is not recommended to put much leverage on any GBP related currency pair at this time. With a very small trade size, and a solid break above resistance, we could see a nice trade. Conversely, a break of the ascending trendline could be all that is needed to see another drop in this currency pair, allowing for a small short trade to make some nice profits.