A Selling Opportunity for the New Zealand Pound (GBP/NZD) Pair

The New Zealand Pound (NZD/USD) pair has reached

 strong retracement zones

on both the daily and 4-hour timeframes.

The pair has also broken several bullish subtrends,

indicating a weak uptrend at the moment.

The pair is currently facing significant demand zones on the hourly timeframe.

If it breaks and closes below them, it is expected to

specifically close below the 2.31500 levels

drop to the specified targets at 2.3100 and 2.3030.

If it rebounds and rises from the current zones and fails to break them,

then the current analysis and bearish outlook fail.