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GBPNZD recently broke the resistance zone located between the resistance level 1.94000 (former top of the previous minor correction from the start of September) and the 38.2% Fibonacci correction of the previous downward impulse from the middle of August. Given the powerful bullish sentiment affecting the pound today – GBPNZD is likely to extend the gains toward the next resistance level 1.96490 (forecast price for the termination of the active short-term corrective wave (4)).
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