GBPNZD: Potential Reversal From The Resistance Zone

GBPNZD: Potential Reversal From The Resistance Zone

GBPNZD tested an area that was also tested earlier at the beginning of March 2025

From the chart, we can see that this zone has stopped the price several times on the past.

The chances are that GBPNZD may start a bearish wave from the same zone again despite that the market has frozen for all instruments lately.

The Geopolitical situation looks more stable, which can help all currencies regain direction.

NZD is already oversold too much so it can take advantage of this moment.

Key target areas: 2.2500; 2.2380 and 2.2280

You may find more details in the chart!
Thank you and Good Luck!

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