GBP/NZD is following a corrective cycle

GBP/NZD is following a corrective cycle

GBP/NZD has been riding a bearish sequence below the 200 SMA at H1 chart and looks forward to correct the most recent sharp decline, which has been holding since December 8th highs. The nearest strong resistance lies at 38.2% Fibonacci zone and it should give up in order to allow another leg higher towards the 50% level at 1.9353. If the pair manages to pullback at such area, the next key target should be the -23.6% level at 1.8738.

RSI indicator remains slightly in the negative territory.



Brexit outlook

Background The United Kingdom always was a separate part of the European Union and there was not a shock when it decided to leave it…


Morning brief for May 30

 Growing concerns over Greek bailout, early elections in Italy and comments by the ECB President Mario Draghi about the need to maintain the bank’s extraordinary amount of monetary policy support…

promotions you can be interested in

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera