Weekly trend on this pair is up, so I would prefer long trades on this pair.

gbpnzd-w

Price is at the moment at weekly resistance at 2.3350. So trend traders, if they are not already in a long position, should wait for resistance break and a retest. I marked that option from trend line intersection with resistance, which could turn into support on bellow 4h chart.

gbpnzd-4h

Based on weekly chart, I’m not inclined to short position, but if we will get good rejection of resistance instead of break, I would look for short position on the resistance retest, option 2.
There is no UK red news ahead of us, in AU we have Monetary Policy Meeting Minutes news tomorrow.

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