GBPNZD recently reversed down from the resistance area lying between the strong resistance level 2.0475 (which stopped the sharp upward impulse in October of 2018) and the upper daily Bollinger Band. The downward reversal from this resistance area started the active short-term impulse wave (i). Given the moderate bearish sentiment affecting the Sterling at the moment, coupled with the moderate New Zealand Dollar bullishness – GBPNZD is expected to fall further toward the next round support level 2.0000 (former powerful resistance from May and September).