Trade ideas for March 28 - April 1
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/NZD in a rebound zone
2019-11-11 • Updated
GBP/NZD has been showing a strong weakness since last week and currently it’s challenging a demand zone between the 1.8887 and 1.8724 levels. There is also a bearish crossover of the moving averages underway and it could be adding fuel to the possibility of another leg lower towards the 78.6% Fibo zone at 1.8576. However, if it makes a rebound at the current stage, then it can go higher towards the -23.6% at 1.9685.
RSI indicator is in the neutral territory, calling for a sideways consolidation.
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