Technical Analysis – GBPNZD at 3 ½-year highs and near key resistance

GBPNZD hit the highest point since June 2016 on Wednesday but the pair barely breached the October peak of 2.055 which is also a former key resistance area, sending warnings that the bullish momentum may soon lose steam. Any downside correction, however, may prove temporary if the rising 20-day simple moving average (SMA) currently around […]