GBP/NZD Intraday: First target, continuation or consolidation?

Nov 4, 2026 6:00 AM

The upside prevails as long as 2.3951 is support, with 2.4081 and 2.4104 as targets

Our pivot point is at 2.3951.
Our preference:
The upside prevails as long as 2.3951 is support, with 2.4081 and 2.4104 as targets
Alternative scenario:
below 2.3951, expect 2.3912 and 2.3889.
Comment:
The chart structure suggests the instrument is coiling ahead of a potentially significant move.
Supports and resistances:
2.4128 *
2.4104 **
2.4081
2.4040 last
2.3951 **
2.3912 *
2.3889 **

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