Technical Analysis – GBPNZD maintains its positive structure despite seller’s pullback

GBPNZD’s improving picture has found support from the 50- and 100-day simple moving averages (SMAs) slightly above the Ichimoku cloud and the tentative uptrend line. The pair is currently trading around the 2.0374 level, which is the 38.2% Fibonacci retracement of the up leg from 1.8276 to 2.1675. Moreover, the flattened Ichimoku lines reflect a […]