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GBPNZD recently reversed up twice from the support zone lying between the key round support level 2.00000 (former powerful resistance level which stopped the earlier waves (1) and 1), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp impulse wave (i). With the moderate bearish New Zealand dollar sentiment seen across the markets – GBPNZD is likely to rise further toward the next resistance level 2.03000 (top of the previous wave (b) from October).
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