GBPNZD Wave Analysis – 24 November, 2021

• GBPNZD broke resistance zone

• Likely to rise to resistance level 1.9500

GBPNZD currency pair recently broke the resistance zone lying between the key resistance level 1.9265 (top of the previous wave (a)), channel line from August and the 50% Fibonacci correction of the downward impulse 1 from October.

The breakout of this resistance area accelerated the active short-term ABC correction 2.

GBPNZD currency pair can be expected to rise further toward the next resistance level 1.9500 (target for the completion of the active correction 2).