Thu, 27 Nov 2014 09:21:07 GMT
GBP/NZD 4H Chart: Broadening Falling Wedge
After failing to consolidate above the 2.10 mark, GBP/NZD came under heavy selling pressure that pushed the pair into a broadening falling wedge pattern.
Nonetheless, the pair has showed unwillingness to depreciate by testing the upper trend-line and now it is moving in its direction once again. Although, to do that the Pound's bulls have to breach the monthly S1, weekly