Monday, 23 September 2019 06:53 GMT

GBPNZD Wave Analysis 22 August, 2019

(MENAFN - FxPro)

  • GBPNZD broke resistance area

  • Further gains are likely

GBPNZD recently broke the resistance area lying between the resistance level 1.9060 (top of the previous (a)-wave) and the 61.8% Fibonacci correction of the previous downward impulse from June.

The breakout of this resistance area accelerated the active short-term impulse wave c from the end of July.

GBPNZD is expected to rise further and retest the next resistance level 1.9400 (target price for the completion of the active wave 2).


GBPNZD Wave Analysis 22 August, 2019

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