GBPNZD Wave Analysis – 30 September, 2022

• GBPNZD broke key resistance level 1.9600

• Likely to rise to resistance level 1.9800

GBPNZD recently broke above the key resistance level 1.9600 (upper boundary of the sideways price range inside which the pair has been moving from the end of March).

The breakout of the resistance level 1.9600 continues the active impulse waves 1 and (1).

GBPNZD currency pair can be expected to rise further toward the next resistance level 1.9800 – followed by the round resistance level 2.0000.