Chart Of The Day: GBP/NZD

 | Jan 19, 2021 05:39PM ET

On Jan. 14, GBP/NZD was our chart of the day. I am revisiting this chart since we did break the downtrend line and now are challenging the horizontal resistance at the 1.9140 level as well. It is closing slightly above it now and at risk of a move back towards the 161% extension at 1.9472 and possibly the 200-day moving average after that.