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February 17, 2021 at 03:55PM
• GBPNZD broke resistance zone
• Likely to rise to resistance level 1.9465
GBPNZD currency pair continues to rise after the price broke the resistance zone lying between the resistance level 1.9165 (which has been reversing the price from December) and the resistance trendline of the daily down channel from August.
The breakout of this resistance zone continues the active minor impulse wave c – which belongs to the ABC correction 2 from the end of 2020.
GBPNZD is likely to rise further toward the next resistance level 1.9465 (likely price for the completion of the active minor impulse wave c).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-17-february-2021-20210217/
Selected by fonecable.com
Search Web: GBPNZD Wave Analysis 17 February, 2021
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