GBP/NZD Daily
The rate is currently testing the 7-month falling trendline resistance, a polarity change as the former support becomes the new resistance and the resistance from a breakaway falling gap.
Although normally these signs would be an indication for further downside, the RBNZ rate cut and openness to further cuts makes me bullish on the pair.
I am waiting for an upside break and a daily close above 2.1500 before entering though.