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GBP/NZD reversed from support area

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  • GBP/NZD reversed from support area
  • Next buy target - 1.9650

 GBP/NZD recently reversed up from the support area lying between the support level 1.9240 (former resistance level from the end of February, acting as support after it was broken previously), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from the start of March. GBP/NZD is expected to rise toward the next buy target at next resistance level 1.9650 (monthly high from March).

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