December 09, 2025 a 05:08 am
GBPNZD: Fibonacci Analysis
The GBPNZD currency pair has been exhibiting significant movement over the analyzed period. Technical indicators suggest a dominant upward trend, characterized by notable highs and consistent price appreciation. This movement may be influenced by economic factors impacting the British pound and New Zealand dollar. As we delve further into the Fibonacci retracement analysis, we identify key levels that could indicate potential reversal zones. Understanding these levels will aid traders in making informed decisions regarding support and resistance areas.
Fibonacci Analysis
| Detail | Information |
|---|---|
| Start Date | 2024-12-09 |
| End Date | 2025-12-09 |
| High Point | 2.34522 (2025-10-16) |
| Low Point | 2.17161 (2025-01-22) |
Fibonacci Levels
| Level | Price |
|---|---|
| 0.236 | 2.21503 |
| 0.382 | 2.25537 |
| 0.5 | 2.25887 |
| 0.618 | 2.29537 |
| 0.786 | 2.31842 |
The current price is located in the retracement zone of 0.618, which suggests potential support. A hold above this level could indicate strengthening support, while a break below could lead to further bearish sentiment.
Conclusion
In conclusion, the GBPNZD currency pair shows a dominant upward trend with potential retracement levels identified through Fibonacci analysis. The current price near the 0.618 retracement level indicates a strong support area. Holding above this level could provide bullish opportunities for traders, while breaking below might spur cautious sentiment. Therefore, monitoring these retracement levels is crucial for future price action predictions. Traders should remain alert for economic developments that could respectively impact either the British pound or the New Zealand dollar.