GBPNZD continues to rise inside the medium-term corrective wave (4) which started earlier with the daily Hammer from the support area lying between the key round support level 1.90000 and the lower daily Bollinger Band. The price today broke the resistance level 1.93150 – which should add to the bullish pressure on GBPNZD. Given the widespread bearish sentiment affecting the New Zealand dollar – GBPNZD is likely to extend the gains toward the next resistance level 1.94700 (former top of the minor correction from the end of June).
