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 inside a rebound zone
2019-11-11 • Updated
There is a corrective move in favor of the bears in GBP/NZD and according to our Fibonacci projections, the pair has tested a demand zone around the 61.8% level at 1.8759, at which is located the 200 SMA at H1 chart. Such move could trigger buy orders in order to reach the next target around -23.6% Fibo level at 1.9685.
RSI indicator remains in the positive territory and it’s pointing to the upside, calling for further bullish moves in the short-term.
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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