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.
Source: Fxpro