Last week GBPNZD reached a weekly support cluster and we saw the loss of price momentum. Currently, the price failed to make a lower low and it's now consolidating on the level.
Once you zoom in the 1H timeframe you'll notice bullish accumulation forming an ascending triangle. Once the price breaks to the upside of the triangle it will be a very nice opportunity to buy on the retest.
Once you zoom in the 1H timeframe you'll notice bullish accumulation forming an ascending triangle. Once the price breaks to the upside of the triangle it will be a very nice opportunity to buy on the retest.