GBPNZD Wave Analysis – 03 April, 2020

GBPNZD reversed from key resistance level 2.1000
Likely to fall to 2.0600

GBPNZD recently reversed down from the key resistance level 2.1000 (top of the previous impulse wave (i)) standing near the upper daily Bollinger Band.

The downward reversal from the resistance level 2.1000 stopped the previous short-term impulse waves (iii) and C.

GBPNZD is likely to fall further toward the next support level 2.0600 (former powerful resistance from October and February).

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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