GBPNZD - Jan-25 - D1

Monday, January 25, 2021 8:28 AM

In GBPNZD currency pair, we see that the price has fallen, but it is not possible to trade on this basis. Here are two possible scenarios. In the first case, the price is likely to fall to the support line of 1.8747 and then rise to 1.9866. However, it is possible that the price in this direction will enter the downward phase by hitting the resistance line at 1.9032 and will fall to 1.8073.