GBP/NZD is at 2.1329 in a channel. If we break this resistance, we are looking for a continuation to the ATR target at the 2.1402 area with a further target the 1.000 Fibo at 2.1423.
Watch the US dollar index for direction, as it could negate all of this. The average daily true range (ATR) for the pair is 123 pips per day and it’s 90 day average is 124 pips per day. My Forex Analysis says USDX is currently up.