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November 13, 2020 at 03:27PM
• GBPNZD reversed from support area
• Likely to rise to 1.9465
GBPNZD rising inside the minor correction (ii) which started earlier from the pivotal support level 1.91100 (which has been reversing the pair from July) and the lower daily Bollinger Band.
The active wave (ii) belongs to the minor downward impulse sequence 3 from October – which is a part of the impulse wave (C) from August.
GBPNZD is likely to rise further toward the next resistance level 1.9465 (target price for the completion of the active correction (ii)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-13-november-2020-20201113/
Selected by fonecable.com
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