GBPNZD currency pair recently reversed up sharply from the major support level 1.92000 (which has been reversing the price from the start of March, as can be seen blew) – strengthened by the lower daily Bollinger Band and by the nearby 50% Fibonacci correction of the upward price move form December. The upward reversal from the support level 1.92000 stopped the previous impulse wave (3). Given the rising bullish sentiment affecting the sterling today – GBPNZD currency pair can be expected to rise further toward the next resistance level 1.94850 (previous minor reversal pivot from the start of May, top of wave (2) from April).
