GBPNZD turned out to be a great market to be short in as the NZD strength intensified combined with negative GBP CPI data.
Looking at the technicals for continued downside the support we marked out on the previous chart should now become resistance and will be the ideal place for short opportunities. With the resistance sitting at a psychological number of 2.0000 also it adds to our confluence of shorting opportunities at this level.
Looking at the technicals for continued downside the support we marked out on the previous chart should now become resistance and will be the ideal place for short opportunities. With the resistance sitting at a psychological number of 2.0000 also it adds to our confluence of shorting opportunities at this level.