GBPNZD Analysis: GBPNZD reach our predicted level. Price closed above 1.97938 major resistance level. Currently price is making retracement after impulsive move( A major move in the direction of trend, after which price usually makes some retracement/correction). Price will probably retrace to 1.97938 or 0.23 fib level or may be retrace to 0.38 fib area, these both areas will be my entry points for buy trade, depending upon price behavior. My target will be current high 1.99579 and 2.01669 resistance level.
Supply and DemandSupport and ResistanceTrend Analysis

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