CONSIDER A LONG TRADE ON GBPNZD

Watching closely for a price break above 1.7777 to go long. Next stop will be the test of Sep'16 high of 1.8300. Also see my other post on GBPUSD. Thanks.

Comment:

GBPNZD Longer term outlook:

We could see price test 1.995 when 2 conditions are met:
1. Price to break above 1.777 and then close above 1.840
2. Short tem sells should not violate Nov'16 around 1.666

Trade active:

We did not see price beaking above 1.777 from last post and continued to slide. Right now price has clearly broke above 1,720. Highly possible to see 1.83 in coming weeks.

Trade closed: target reached:

Spot on for those longer term traders.