GBPNZD has tested dynamic support 2.2760 which is projected by downward trendline from 02-06 October highs 2.3773-2.3433.
Once described support is broken, GBPNZD would continue slide targeting 2.2680 (green trendline) and 2.2593 (38.2% Fibo correction ratio to upward wave 1.93-2.463).
Pair's rise from current level would help it test static zone 2.2980 (historical resistance in 2009/10) and 2.3030 (trendline on hourly chart).
Once described support is broken, GBPNZD would continue slide targeting 2.2680 (green trendline) and 2.2593 (38.2% Fibo correction ratio to upward wave 1.93-2.463).
Pair's rise from current level would help it test static zone 2.2980 (historical resistance in 2009/10) and 2.3030 (trendline on hourly chart).
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