GBPNZD recently broke through the support area lying between the support level 1.9400 (former monthly high from August) and the 38.2% Fibonacci correction of the previous upward correction 2 from July.
The breakout of this support area should accelerate the active short-term impulse wave 3 from last month.
GBPNZD is expected to fall further and retest the next support level 1.9060 (which reversed the price twice in September).
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