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ChEtg
Jul 4, 2017 10:36 AM

Looking at Bullish Moves on GBP NZD Long

British Pound/New Zealand DollarFXCM

Description

I am expecting to see a huge bullish move on the GBP NZD to the 1.85 level. Broken through the 23.6 Fib Retracement from daily move from 5-12 Top of daily chart. Recent bullish daily candles has seen A break and retest of the 200 SMA moving average which will act as huge support on the swing trade. Crossover of 20 & 200 MA below current price indicates an upward move. GBP expecting to be bullish in regards to BOE change in tone on interest rates and with NZD central bank.
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