GBPNZD Detailed Trading Plans For Next Move(s)GBPNZD has rallied inline with the sideways trend apparent since about 15 May 2024.
This reflects strongly the mid term sentiment case, which does not show a huge deviation between the two.
Technical Bias - Price exists now at key price action levels for shorts with some signs of rejection.
Sentiment/Fund bias - Longer term outlook is short for GBP VS NZD. Current sentiment does not particularly favour a huge outlying long case for the pound over the NZD, supporting short bias. Sideways trend may also be sustained.