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GBPNZD continues to fall after the earlier breakout of the support zone lying between the support level 1.96500 (which reversed the price at the start of August) and the 50% Fibonacci retracement of the earlier upward impulse from the start of July. Given the continued widespread sterling pessimism seen across the FX markets today – GBPNZD is likely to fall further toward the next support level 1.94000 (target price for the completion of the active intermediate impulse mwave (3))
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