British Pound New Zealand Dollar.

Good evening Dynamic Traders,

I hope you are all managing any trades you have open correctly as this is an essential part to your trading.

Tonights chart for you, is on the GBPNZD, and I am looking at this pair for a possible continuation to the upside, as it has hit a breather level twice after its last two upmoves and at present is consolidating with a tightening squeeze that could be about to break.

Due to the volatility of this pair I am analysing on the four hour timeframe chart and will enter of my lower timeframes as and when I get the confluences telling me to do so. At present we are being resisted by the figure but if a break does happen your ESLT can be applied so as to eliminate any F.B.O.'s

Please be aware that high impact news is out on this pair tomorrow so comply with your rules and trade accordingly.

As always please do your own analysis.

Charts courtesy of TradeStation.

Good luck for tomorrow, and have a nice weekend everyone.

Clayton Farnworth.