GBPNZD currency pair continues to fall after the pair reversed down from the resistance area lying at the intersection of the pivotal resistance level 1.96450 (former strong support from July and August), 61.8% Fibonacci correction of the downward price impulse from August and the upper daily Bollinger Band. The downward reversal from this resistance area stopped the previous medium-term ABC correction (2). Given the strengthening bearish sterling sentiment seen across the currency markets today, GBPNZD currency pair can be expected to fall further toward the next support level 1.93000.
