GBPNZD | BOTTOM OUT?

GBPNZD has been in strong bearish trend from the late January of this year. It is trading at important support zone which were reactive in the past (as highlighted in the chart). We are expecting the same from the support as bullish divergence is printed on the chart as well.

Alternatively, breaking below the support will add more pressure in the pair and price can drop to further lows.

Play your levels accordingly.