The GBPNZD pair kept its bearish track by consolidating within the main bearish channel, to notice crawling below 1.9630 support line recently, to record new negative targets by touching 1.9497 level.
We expect resuming the negative crawling due to stochastic additional negative momentum by reaching the oversold areas, to target the bearish channel’s support line at 1.9440.
The expected trading range for today is between 1.9565 and 1.9440
The expected trend for today: Bearish