GBPNZD May Rise Up to 2.1350GBPNZD May Rise Up to 2.1350
Yesterday, the NZD’s strength was bolstered by positive news about China’s significant stimulus measures. As a result, GBPNZD quickly dropped by nearly 210 pips within a few hours. However, the bearish breakout turned out to be a false breakout. The price rebounded above the zone, erasing most of the losses.
GBPNZD may now rise easily to the first resistance zone at 2.1280, with a potential maximum target of 2.1350 based on our analysis.
You may find more details in the chart!
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