GBPNZD recently broke above the combined resistance area lying between the resistance level 1.96000 (former correction top from June) and the 61.8% Fibonacci retracement of the downward impulse from the start of June. Given the powerful bullish Sterling sentiment seen across the currency markets today (coupled with extreme bearishness toward CAD) – GBPCAD is likely to extend the gains toward the next resistance level 1.98000 (former minor support from the end of May).