The New Zealand Pound and Medium-Term Scenarios

The New Zealand Pound is moving in a strong consolidation pattern on the daily timeframe.

This movement is expected to continue in the long term.

Currently, the pair is moving in an uptrend on the 4-hour timeframe

 as a result of consolidation.

After bouncing off the demand zones on the same timeframe, 

the pair is expected to continue its upward trend, reaching daily supply zones.

If the upward trend continues, we are expected to see a decline

 from the overlapping supply zones on the 4-hour timeframe,

 which are currently considered the best selling zones.

The selling zones are located at the 2.3167 level.

A decline from these zones is expected to target the 2.3050 and 2.2950 levels.

Buying Zones

In the event of a current correction to the demand zones 

identified at the 2.2713 level,

before reaching the supply zones, a rise from these zones is likely,

and the current uptrend will continue, reaching the supply zones above.