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September 05, 2022 @ 17:39 +03:00
• GBPNZD reversed from support zone
• Likely to rise to resistance level 1.9060
GBPNZD currency pair recently reversed up from the support zone located between the long-term support level 1.8800 (previous monthly low from March) intersecting with the lower daily Bollinger Band.
The upward reversal from this support zone stopped the previous short-term downward impulse waves (iii) and 3.
Given the strength of the support level 1.8800 – GBPNZD can be expected to rise further toward the resistance level 1.9060.