GBPNZD Technical Analysis Report 28 July, 2021

• GBPNZD broke key resistance level 1.995
• Likely to rise to resistance level 2.010

GBPNZD currency pair under the bullish pressure after the pair broke the key resistance level 1.995 (which has been reversing the price from the middle of June). The breakout of this resistance level 1.995 accelerated the active minor impulse wave 5 of the sharp upward impulse wave (C) from the end of April.

Given the clear daily uptrend and the strongly bullish sentiment as seen across the currency markets today – GBPNZD currency pair can be expected to rise further toward the next resistance level 2.010 (former minor resistance from August of 2020).

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