GBPNZD has rallied inline with the sideways trend apparent since about 15 May 2024.
This reflects strongly the mid term sentiment case, which does not show a huge deviation between the two.
Technical Bias - Price exists now at key price action levels for shorts with some signs of rejection.
Sentiment/Fund bias - Longer term outlook is short for GBP VS NZD. Current sentiment does not particularly favour a huge outlying long case for the pound over the NZD, supporting short bias. Sideways trend may also be sustained.