GBPNZD Wave Analysis – 25 March, 2022

• GBPNZD reversed from long-term support level 1.8900
• Likely to rise to resistance level 1.9135

GBPNZD recently reversed up from the long-term support level 1.8900 (which has been reversing the price from the start of 2021) -strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 1.8900 stopped the previous intermediate ABC correction (2).

GBPNZD can be expected to rise toward the next resistance level 1.9135 (previous reversal high from the middle of March).