GBPNZD Analysis

We just formed a bullish flag on the daily and broke above it and price seems to be wanting to move up higher. We also have a major area of resistance which will be our first target and where we should see a retracement before the continuation to the upside.

From a COT data we have a very strong GBP during the past two weeks against a pretty steady NZD so we expect to see this move with higher probabilities.

Now if you enjoyed this analysis smash that like button and share. If you have a different opinion please leave a comment below as I would love to get more insights and ideas. I also linked my previous idea about this asset.

Trade safe !!!