A good buying opportunity for the New Zealand dollar on the hourly timeframe.

The GBP/NZD pair is moving in an upward trend on the hourly timeframe, a result of previous accumulation.

The pair is still expected to continue its upward movement after the current correction on the hourly timeframe ends.

Expected buying zones

Currently, we have several strong expected buying zones on the hourly timeframe.

The first zone is near the 2.3031 level. This is a strong demand zone, and the pair is expected to bounce from it, especially if any buy signals appear.

The second zone is around 2.2956. This is both a demand and support zone. The pair has bounced from this zone before, and it remains a good buying opportunity.

If the price rises from these zones, we expect to see a move towards the targets set at 2.3070 and 2.3130, respectively.