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 zone
2019-11-11 • Updated
- GBP/NZD reversed from support zone
- Next buy target - 1.9600
GBP/NZD recently reversed up from the support zone lying between the key support levels 1.9380 and 1.9260 (which have been reversing the price from the start of April) and the lower daily Bollinger Band. The upward reversal from this support zone started the active minor impulse wave (iii). GBP/NZD is expected to rise further toward the next buy target at the next resistance level 1.9600.
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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