GBPNZD Wave Analysis 24 September, 2020

• GBPNZD rising inside wave 4

• Likely to reach 1.9750

GBPNZD continues to rise inside the (c)-wave of the minor ABC correction 4 from the start of September.

The active impulse wave (c) started when the pair reversed up from the major support zone located between the key support level 1.9060 and the lower daily Bollinger band.

GBPNZD is expected to rise further toward the next resistance level 1.9750, which is the target price for the completion of the active ABC correction 4.