NZD/USD is looking for a clear direction in the short-term, as the technical indicators are showing a neutral stance…
GBP/NZD reversed from support zone
- GBP/NZD reversed from support zone
- Next buy target - 1.8710
GBP/NZD recently reversed up from the support zone lying between the strong support level 1.8350 (low of the previous minor correction (a)), 38.2% Fibonacci correction of the previous upward price impulse (v) from the start of September and the upper trendline of the daily up channel from June (acting as support after it was broken). GBP/NZD is expected to rise to the next buy target at the next resistance level 1.8710 (top of the previous waves 3 and (b)).
Narrow bearish Ichimoku Cloud, horizontal Senkou Span A and B; a new weak golden cross of Tenkan-sen and Kijun-sen; the prices are three way bounced from the SSB’s resistance.
Today’s news headline is that Trump officially announced the withdrawal of the US from the Paris climate agreement…
The European Central Banks left its key interest rates…