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GBP/NZD reversed from support zone

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

 

GBP/NZD recently reversed up from the support zone lying between the pivotal support level 1.9360 (former strong resistance level from February and January) and the 38.2% Fibonacci correction of the previous sharp upward impulse from the start of March. GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9650 (top of wave 3).

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