Categories: Technical analysis

GBPNZD Wave Analysis – 2 September 2025

GBPNZD: ⬇️ Sell

– GBPNZD reversed from the resistance zone

– Likely to fall to support level 2.270

GBPNZD currency pair recently reversed from the resistance zone between the strong resistance level 2.3200 (which stopped the daily uptrend in April) and the upper daily Bollinger Band.

The downward reversal from this resistance zone started the active short-term ABC correction 4.

GBPNZD currency pair can be expected to fall to the next support level 2.270, the former monthly high from June and July, and the target for the completion of the active wave 4.

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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The FxPro Tech Analysis Team
Tags: GBPNZD

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