GBPNZD currency pair today reversed down from the pivotal resistance level1.9685 (which has been reversing the price from August, as can be seen from the daily GBPNZD chart below) – intersecting with the upper daily Bollinger Band. The downward reversal from the resistance level 1.96850 stopped the previous short-term correction 2. Given the strength of the aforementioned resistance level 1.9685 and the bearish sentiment affecting the sterling today (on news of the fast spreading of the new coronavirus variant in UK), GBPNZD currency pair can be expected to fall further toward the next support level 1.96000.