Best Buying Zones for the New Zealand Dollar in the Medium Term

The GBP/NZD pair has bounced off strong daily demand zones.

The pair was moving sideways, indicating accumulation.

It has already started to rise, confirming the accumulation.

This suggests an expected rise for the GBP/NZD pair in the medium term.

Expected Targets and Best Buying Zones

Currently, we expect to see the pair rise either directly from the current levels,

or we might see it fall to the LPS levels shown on the chart.

From there, we expect the pair to rise again.

In the event of an upward move, we expect to see a test of the targets shown

on the chart, which are at the 2.3260 and 2.3350 levels.

The pair will fail to break out if it falls and closes a full candle below the LPS levels.