GBPNZD Wave Analysis – 28 April 2025

GBPNZD: ⬆️ Buy

– GBPNZD reversed from the support area

– Likely to rise to resistance level 2.2600

GBPNZD currency pair recently reversed from the support area between the support level 2.2220, lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from January.

The upward reversal from this support area stopped the previous short-term correction A – which belongs to wave (4) from the start of April.

Given the clear daily uptrend and the oversold daily Stochastic, GBPNZD currency pair can be expected to rise toward the next resistance level 2.2600.

Source: https://fxpro.news