Technical analysis

GBPNZD Wave Analysis – 27 July, 2021

• GBPNZD broke resistance zone

• Likely to rise to resistance level 2.0200

GBPNZD currency pair recently broke the resistance zone lying between the resistance level 1.9960 (top of the sideways price range inside which the pair has been trading from last month) and the round resistance level 2.0000.

The breakout of this resistance zone accelerated the active short-term impulse waves (iii) and 3.

GBPNZD currency pair can be expected to rise further toward the next resistance level 2.0200 (target price for the completion of the active minor impulse wave (iii)).

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