The USD started the day dropping against the Canadian dollar, now on a bullish reversal.
GBP/NZD reversed from resistance zone
- GBP/NZD reversed from resistance zone
- Next sell target - 1.9230
GBP/NZD recently reversed down from the resistance zone lying between the resistance levels 1.9620 and 1.9740. This resistance zone was further strengthened by the upper daily Bollinger Band. GBP/NZD is expected to fall further toward the next sell target at the next support level 1.9380 – the breakout of which can lead to further losses toward 1.9230 (low of wave (ii)).
Today, the CHF has risen up to the strong resistance level. A bounce back is a very probable scenario.
Euro has started the morning with the correction after reaching a 3-weeks low with bearish potential
It looks like GBP/JPY is finally trying to break out of the recent consolidation. Learn more!
Last week XAU/USD recovered 38.2% of the November decline. However, the advance of gold was limited by the declining 50-period MA on the H4.
GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.