GBPNZD Wave Analysis – 23 December, 2021

• GBPNZD reversed from key resistance level 1.97

• Likely to fall to support level 1.9550

GBPNZD currency pair recently reversed down from the key resistance level 1.97 (which has been repeatedly reversing the price from the start of October), strengthened by the upper daily Bollinger Band.

The downward reversal from the resistance level 1.97 stopped the previous ABC correction (2).

GBPNZD can be expected to fall further toward the next support level 1.9550 (yesterday’s low).