Market Snapshots

GBPNZD Wave Analysis – 3 July, 2020

GBPNZD Wave Analysis – 3 July, 2020

• GBPNZD broke key support level 1.9130

• Likely to fall to 1.9000

GBPNZD recently broke the key support level 1.9130 (which stopped the previous impulse wave (i) in the middle of June, as can be seen below).

The breakout of the support level 1.9130 accelerated the active short-term impulse wave 5 of the longer-term impulse sequence (C) from March. GBPNZD is likely to fall further toward the next round support l

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