Earlier today I wrote about a 500-pip opportunity on GBPAUD. It isn’t confirmed yet, but it does appear to be just days away now. It’s only fitting then to have a similarly sized opportunity developing on the pair’s counterpart, the GBPNZD. This one is a little more complex though. We have a few patterns in play on GBPNZD. And when we put them together, we get an excellent view of the pair’s technical landscape. First up is the multi-year ascending channel that extends from the November 2016 low. Here’s a view of it from the weekly time frame: Notice how the channel above has directed the GBPNZD incredibly well since ... (full story)