The GBP/NZD currently has a trend on the H4 time frame. This pair is cycling between support and resistance. We expect this pair to move higher on mostly GBP strength that we see in various GBP pairs in the market. The current short term resistance level is at 1.9925, this is denoted in red on the right and you should set a price alert there.
The target resistance area is also denoted in red at around the 2.0250 area. These simple forex indicators for monitoring market trends are exponential moving averages that can be set up on any Metatrader platform.
Forex Trends GBP/NZD 1-8-2014