
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
2019-11-11 • Updated
GBP/NZD recently broke above the powerful resistance level 1.8900 (which reversed the price multiple times in April and May, as can be seen from the daily GBP/NZD chart below). The breakout of the resistance level 1.8900 is aligned with the active minor impulse wave 3 – which belongs to the intermediate impulse wave (C) from the end of June. GBP/NZD is expected to rise to the next buy target at the next resistance level 1.9200 (target price for the termination of the active impulse wave 3).
Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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Since the fateful events of March 10th, 2023, I mean the SVB and Signature Bank crash, there has been a lot of attention on the US economy and the Dollar from the international community.
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