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 reversed from support area
2019-11-11 • Updated
- GBP/NZD reversed from support area
- Next buy target - 1.9650
GBP/NZD recently reversed up from the support area lying between the support level 1.9240 (former resistance level from the end of February, acting as support after it was broken previously), lower daily Bollinger Band and the 61.8% Fibonacci correction of the upward impulse from the start of March. GBP/NZD is expected to rise toward the next buy target at next resistance level 1.9650 (monthly high from March).
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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