FxWirePro
Long

GBP/NZD breaks consolidation phase, long dips,target 2.17 levels

FX:GBPNZD   British Pound / New Zealand Dollar
153 0 4
GBP/NZD has broken out of its consolidation phase and is extending upside after breaking resistance at 2.1252 (Mar 2nd highs).

Momentum indicators are biased higher and the MACD has also given confirmation with a bullish MACD line crossover on signal line.

Upside is likely to find next resistance at 2.1569 (Feb 22nd highs), further bullishness could take the pair to 2.1733 which is 23.6% Fib retrace of 2.53187 to 2.06251 fall and Feb 18th highs.

Moving averages have turned higher and offer strong support on the downside at 2.1115 and 2.1075, 5 and 10 DMA respectively.

Good to buy dips around 2.1370, SL: 2.1250, TP: 2.1569/2.17
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out