GBPNZD recently broke through the strong support area lying between the key support level 1.9080 (which reversed the price in August) and 1.8920 (which has been reversing the price from February).
The breakout of this support area accelerated the active impulse wave (c) which is a part of the sharp downward ABC correction (ii) from October.
With the price level 1.8920 acting as a strong resistance after it was broken – GBPNZD is expected to fall down further and re-test the next support level 1.8620 (low of the previous correction 2 from January).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
