NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
GBP/NZD broke daily up channel
- GBP/NZD broke daily up channel
- Next sell target - 1.8000
GBP/NZD continues to fall after the earlier breakout of the support trendline of the daily up channel from the start of February (which has enclosed the (C)-wave of the previous ABC correction ② from the middle of October). The breakout of this up channel accelerated the active impulse wave (3) – which belongs to the primary impulse wave ③, which started earlier from the resistance level 1.9000 (previous buy target).
GBP/NZD is expected to fall to the next sell target at the round support level 1.8000. Strong resistance remains at 1.9000.
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…