GBP/NZD reversed from resistance zone

• GBP/NZD reversed from resistance zone
• Next sell target - 1.9230

GBP/NZD recently reversed down from the resistance zone lying between the resistance levels 1.9620 and 1.9740. This resistance zone was further strengthened by the upper daily Bollinger Band. GBP/NZD is expected to fall further toward the next sell target at the next support level 1.9380 – the breakout of which can lead to further losses toward 1.9230 (low of wave (ii)).

Dmitry Chernovolov

Similar

16.07.2019 12:38 AUD/CAD touched resistance

Technical levels of AUD/CAD

aud cad technical analysis

15.07.2019 16:05 Head and shoulders of EUR/AUD?

Technical analysis of EUR/AUD

aud eur technical analysis

05.07.2019 09:59 AUD/CHF may consolidate

Technical analysis of AUD/CHF

aud chf technical analysis

Latest news

02.02.2018 13:07 EUR/USD: "Tweezers" on 34 Moving Average

There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...

eur

10.01.2018 20:43 GBP/JPY reversed from resistance zone

GBP/JPY reversed from resistance zone Next sell target - 149…

gbp jpy

01.05.2018 11:00 EUR/USD: no any reversal pattern so far

If we see a pullback from the lower 'Window', the pair is likely going to test the nearest Moving Averages...

eur