- GBPNZD falling inside impulse wave 5
- Likely to fall to 1,9000
GBPNZD recently broke through the l support level 1,9400 (which has been steadily reversing the pair from October of 2019).
The breakout of the support level 1,9400 continues the active short-term downward impulse wave 5 – which belongs to the multi-month downward impulse sequence (C) from April. GBPNZD is likely to fall further toward the next support level 1,9000 (former monthly bottom from September of last year).