GBP/NZD is currently trading around 1.9643 at the day chart top. We have divergence for a downside move.
We are looking for an initial move to the 0.500 Fibonacci level at 1.9528 and a move to the average true range (ATR) target near 1.9473.
Watch the DXY for any change in direction. The ATR for the pair currently is 144 pips per day, and its 180-day average is 141 pips.