Strongest Selling Zones Expected for the GBP/NZD Pair

The GBP/NZD pair is attempting a rebound after a recent downward correction, and is currently targeting a return to the daily supply zones.

We also expect to see the pair rise to the overlapping supply zones on the 4-hour chart, which are considered key selling points for the pair in the short and medium term.

Expected Targets

If the price rises to the overlapping supply zones near the 2.3203 level, we anticipate a renewed decline, targeting 2.3140 and 2.3060 respectively.

This analysis and the expected bearish move will be invalidated if the 4-hour candle breaks and closes above the expected selling zones.