Something like that I believe is going to happen.
1.15 is very very important level, so it's has to be bounce back
Bearish below 1.3, I am very bearish here!
Alternatively bullish above 1.32
0.735 - key level, I believe. We can see reverse from there or break from above.
We could see price go to 0.985 and reverse from there.
I would expect a pullback to 95.5, where the 50 EMA is, 61.8% Fibbs, also 23.6% Fibbs on larger time frame and 10 EMA on Weekly time frame.
From there we could see leg lower to 92 or move higher to 96.5.
Shorting to 82.0, bearish levels below that at 81.5 and 81
Or reverse at 82.0 go back to 83 and 83.9
Bullish above 1.315
Close below 93 will open the way to 91.8 - 92
Bearish levels for GBP/NZD
Long above 1.31
Possible pull back to 1.3, which is 38.2% Fibbs, or to 50% or 61.8% before moving higher above 1.31
Profit targets at 1.32 and 1.33
Otherwise I am staying out.
Bullish above 0.735 to 0.75, 0.76 and 0.77
Bullish above 0.97
Bearish below 0.96
Personally I am waiting for shorting opportunity, as DXY is bearish at the moment, also it looks like bearish flag formation on usd/chf.
Bearish DXY to 94
After breaking 95.45 level and bearish flag shorting to 94.
Waiting for breakout of the triangle
Bullish above 0.7375-0.74 with targets are at 0.75 - 0.76 - 0.77
My personal outlook for DXY - bearish
Otherwise its bullish above 98
I am in bearish camp here.
Possible pull back to 96 or 96.4 before moving lower to 94.