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GBPNZD Testing Support, Potential Bounce

Long
British Pound / New Zealand Dollar (FX:GBPNZD)  
ICmarkets Broker  
FX:GBPNZD   British Pound / New Zealand Dollar
Trend Analysis Harmonic Patterns Chart Patterns GBPNZD GBP NZD EUR jpy CAD aud chf
107
4
trendanalysis harmonicpatterns chartpattern gbpnzd gbp nzd eur jpy cad aud chf
GBPNZD is testing its support at 1.9990 (100% Fibonacci extension , 50% Fibonacci retracement , horizontal overlap support) where it could potentially bounce to its resistance at 2.0193 (100% Fibonacci extension, 50% Fibonacci retracement and horizontal pullback resistance). Stochastic (55, 5, 3) is approaching its support at 5.8% where a corresponding bounce could occur.
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