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theforexportal
Mar 18, 2017 3:53 PM

Each way bet on GBP/NZD 

British Pound/New Zealand DollarFXCM

Description

With the market base on the TDI across all time frames neutral and RSI within average range the immediate direction for GBPNZD is unclear. The mildly BULLISH structure remains intact and with a dovish RBNZD there's a fair chance we'll head higher. The 200 day sma on the DTF is the principle target at 1.7831 area and 1.7953 above that.

Trade idea
BUY on a return to 1.76.
SELL at 1.78
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