GBPNZD is currently trading near the resistance area lying between the key resistance level 2.0980 (which has been reversing the price from the middle of March) – strengthened by the upper daily Bollinger Band.
This resistance area earlier stopped the previous short-term impulse wave (i) at the end of last month.
If the pair does not break above the resistance level 2.0980 – GBPNZD can then fall to the next support level 2.0730. In the alternative scenario the price can rise up to 2.1200.
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