The GBPNZD may be ready to reverse downtrend.

A few days ago the GBPNZD came out of the downtrend, and we have successfully retested the channel breakout point at the 1.8700 level. If we can hold above, eventually break the 1.9072 50% retracement, the pair may be ready to challenge the 2.000 level in the coming weeks ahead.

GBPNZD Channel Breakout

Blake Morrow