Categories: Technical analysis

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).

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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