GBPNZD may be on the verge of its next leg up in its multi-month channel. The recent consolidation over the past three weeks has resulted in an ascending triangle after an uptrend, a potential bullish continuation pattern.
Long GBPNZD
Entry: 2.4630
Stop: 2.4040 (-590-pips)
Target: 2.5550 (+920-pips) (ascending triangle measured move)
Long GBPNZD
Entry: 2.4630
Stop: 2.4040 (-590-pips)
Target: 2.5550 (+920-pips) (ascending triangle measured move)