The GBPNZD is indeed the currency pair of interest for the coming week and here is what technical analysis says about this pair.
- Bullish Descending Triangle Chart Pattern almost exhausted on 4hr TF.
- Tripple Bottom Chart Pattern on daily TF (verified resistance level).
- Price taking support on Murray Math 2/8 level (Pivot, Reverse – major) on Monthly TF, 2/8 level (Pivot, Reverse – major) on Weekly TF and 0/8 level (ultimate reversal) on daily TF.
- Morning Star Bullish engulfing pattern on daily TF.
- Classical Bullish Divergence on 25 period RSI.
Possible price target seen at 1.8300