GBPNZD recently reversed up from the support zone lying between the support level 2.01020 (which reversed the price multiple times in March), lower daily Bollinger Band and the 61.8% Fibonacci correction of the previous sharp upward impulse from December. With the rising bullish sentiment affecting the Sterling dollar today, which is coinciding with extreme bearishness toward the New Zealand dollar (after negative rates were mentioned as the policy option by New Zealand’s central bank) – GBPNZD is likely to extend the gains toward the next resistance level 2.06000.