Dear Traders,
The GBP/NZD could easily proceed with uptrend if 1.9412 is broken. Fresh buyers might appear if the price bounces off the POC zone–>
1.9240-60 is the POC zone. A rounded bottom that has been formed on the GBP/NZD H1 time frame provides buying opportunities on a dip. A bounce from the POC zone targets 1.9396 and 1.9424. If 1.0424 breaks then 1.9485 is next. Bullish trend looks pretty solid but the price is at W H5 now so it could provide a healthy retracement towards the POC zone.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea