Weekly chart shows us that this pair is in a strong up trend. On chart I marked phases of that up trend.

gbpnzd-d

If we want to join that up trend, we should move down to 4h chart.

gbpnzd-4h

We can see that today price broke out of marked range, in which price was for last 2 weeks. Now we need to wait for a retest and then join up trend. This pair average daily range is round 280-300 pips, so pay attention that stop loss should be a bit bigger than on some other pairs. But once you move stop loss to break even, than you could gain a lot of pips.

In New Zealand there are Employment Change q/q and Unemployment Rate news later today European time.

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