GBPNZD faced big selling pressure on the higher time frames into the 1.9400 resistance, reversing back with the sellers taking control. We also saw a partial downside break of the rising channel established last week. We could possibly see a retracement into intraday resistance as well as a retest of the channel, where a rejection there could see a continuation lower, if the sellers hold their ground.
A possible run towards 1.9100 could be on the cards if the setup validates later on today