- GBPNZD reverses from support area
- Possible rise to resistance level 2.1175
GBPNZD recently reversed from the support area set during the support level 2.0940 (formerly strong resistance in September, November and January), the 20-day moving average, and a 50% Fibonacci correction of the upward impulse from January. Rose.
The upward reversal from this support zone continues the active impulse wave 3 of the intermediate impulse (3).
Considering the clear daily uptrend, GBPNZD is expected to rise further to the next resistance level at 2.1175, the monthly high since March.
