GBPNZD Price Analysis: Within a Cyclical Price Development

Posted by Klejdi Cuni on

Given the recent developments that are already EUROPE and many countries facing, the British Pound is one of those currencies that is showing this clearly.

NZD pushed it down to historical levels and very aggressively.

These levels were previously seen in January-21 and November-21.

So in general, as we can see from the daily chart , we are potentially inside a cyclic motion.

From here we can assume that the price should begin to change direction very soon.
Maybe this is the time we can see GBP rising again.

Wait for signs of reversal before taking this LONG opportunity into consideration.

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