GBPNZD
GBPNZD continues to range.GBPNZD - 24h expiry - We look to Buy at 1.9000 (stop at 1.8925)
Previous support located at 1.9050.
Previous resistance located at 1.9150.
Indecisive price action has resulted in sideways congestion on the intraday chart.
Risk/Reward would be poor to call a buy from current levels.
A move through 1.9150 will confirm the bullish momentum.
Our profit targets will be 1.9180 and 1.9220
Resistance: 1.9150 / 1.9250 / 1.9300
Support: 1.9050 / 1.9000 / 1.8950
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GBPNZD....SELL (128 PIPS)After the the british pound rallied on the opening of todays London session. GBPNZD failed to break 9th Jan high during the Asia opening completely, i'm finally expecting a reversal into 9th Jan's cosolidation.
NB: GN can break below that consolidation
Blue BOx; breakout zone
GBPNZD higherFrom a technical perspective we've got a hammer on the daily chart recently.
narrative wise i think the NZD narrative of the china reopening and the NZD rate advantage has moved over to the EUR so the NZD stronger story seems a little stale now.
correlations suggest higher, GBPNZD and EURNZD and closely correlated and is suggesting GBPNZD higher, rate differentials are higher as well which should help.
sentiment is suggesting higher as well.
Not trading/investment advise, feedback welcome!
EURNZD I Wait for break of resistance and go LONGWelcome back! Let me know your thoughts in the comments!
**EURNZD Analysis - Listen to video!
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✅GBP_NZD BEARISH BIAS|SHORT🔥
✅GBP_NZD is trading in a downtrend
Along the falling resistance line
Which makes me bearish biased
And the pair is about to retest the resistance
Thus, a pullback and a move down are expected
With the target of retesting the level below
SHORT🔥
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