- GBP/NZD bulls are stepping in at a critical support structure.
- The bears need to make or break at this juncture, as evident across the charts.
GBP/NZD is on the verge of a compelling bullish scenario as illustrated in the following daily and 4-hour chart analysis:
From a daily perspective, the price has hit a critical support level and the bulls would be expected to be active at this juncture.
A significant surge to the upside will pressure key lower time resistances as follows…
From a 4-hour perspective, the support structure is even more evendent but there is work to do from the bulls.
The 4-hour resistance guards the last stop for an onwards bullish move to new highs.