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.
- 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
