GBPNZD has tested dynamic support 2.2760 which is projected by downward trendline from 02-06 October highs 2.3773-2.3433.
Once described support is broken, GBPNZD would continue slide targeting 2.2680 (green trendline) and 2.2593 (38.2% Fibo correction ratio to upward wave 1.93-2.463).
Pair's rise from current level would help it test static zone 2.2980 (historical resistance in 2009/10) and 2.3030 (trendline on hourly chart).
Once described support is broken, GBPNZD would continue slide targeting 2.2680 (green trendline) and 2.2593 (38.2% Fibo correction ratio to upward wave 1.93-2.463).
Pair's rise from current level would help it test static zone 2.2980 (historical resistance in 2009/10) and 2.3030 (trendline on hourly chart).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.