GBP/NZD – Poised for rally, eyes 50-DMA

Pair’s bullish price-RSI divergence followed by a breach of falling trend line and a bullish 5-DMA and 10-DMA crossover suggests a spike to 1.85 – 1.8629 (50-DMA) is likely in the short-run.

Bullish invalidation is seen only if the cross dips below 1.7695 (Aug 11 low).