RBA (central bank of Australia) did leave the interest rates unchanged tonight and this had also an effect on the GBPNZD as New Zealands currency is strongly correlated to the AUD.
It seems like GBPNZD got past the resistance area (still could end up as a liquidity sweep and reverse) but it seems more likely we are moving higher up. There´s still an alternative (light blue count) in play that would leave the door open for a more complex correction.
For now, I remain bullish!
It seems like GBPNZD got past the resistance area (still could end up as a liquidity sweep and reverse) but it seems more likely we are moving higher up. There´s still an alternative (light blue count) in play that would leave the door open for a more complex correction.
For now, I remain bullish!