GBPNZD continues to rise after the earlier breakout of the key resistance level 1.99500 (former monthly high from the middle of June). The breakout of the resistance level 1.99500 accelerated the active short-term impulse wave 3 of the intermediate impulse wave (C) from the end of April. Given the clear uptrend and the strongly bullish sterling sentiment seen across the FX markets today – GBPNZD currency pair can be expected to rise further toward the next resistance level 2.02000 (target for the completion of the active impulse wave 3).
