Last few weeks GBPNZD is moving in wide range with lower lows and lower highs. This down trended range is approximately 6 hundreds pips wide. Last week this pair was aiming to reach low value from end of year 2015 which was clearly resistance level 2,15. On last friday New Zeland dollars low was 2,1571. On longer time frames this pair is still bearish but we have seen clearly that speed and momentum is somewhat slowing down. So i would not be suprised to see some possible trend reversal soon.
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