September 11, 2020 at 03:24PM
• GBPNZD falling inside impulse wave 3
• Likely to test the support at 1.9000
GBPNZD continues to fall inside the sharp upward impulse wave 3, which previously broke the support level 1.9490, intersecting with the 61.8% Fibonacci correction of the upward wave (B) from July.
The active impulse wave 3 belongs to the intermediate downward impulse sequence (C) from the middle of August.
GBPNZD is likely to test the next round support at 1.9000 (former double bottom from August and the target price for the completion of the active impulse wave 3).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/gbpnzd-wave-analysis-11-september-2020-20200911/
Selected by fonecable.com
Search Web: GBPNZD Wave Analysis – 11 September, 2020
Recent Posts
- S&P 500 Holds Losses Despite Pullback in Short-Term Consumer Inflation Expectations
- Gold Price Forecast: Gold Threatens Larger Break, 1854 Support in Sight
- Markets Week Ahead: Dow Jones, US Dollar, Gold, Euro, Fed, CPI, China
- S&P 500 Outlook: Equities Drop Ahead of Peloton, Disney and Alibaba Earnings
- USD/JPY Forecast – Setting Up for the Next Leg Higher?
