GBPNZD Wave Analysis – 05 September, 2019
September 06, 2019 @ 14:39 UTC
- GBPNZD reversed from resistance level 1.9365
- Further losses are likely
GBPNZD today reversed down sharply from the resistance area lying between the resistance level 1.9365 (which has been reversing the price from June), 61.8% Fibonacci correction of the previous downward impulse 1 and the upper daily Bollinger Band.
The downward reversal from this resistance area continues the active short-term impulse wave 3.
GBPNZD is expected to fall further and retest the next support level 1.9055 (top of the previous minor correction (a) from August).