• GBPNZD reversed from support level 1.9000
• Likely to rise to 1.945
GBPNZD recently reversed up strongly from the key multi-month support level 1.9000 (which has been reversing the pair from September of 2019, as can be seen below).
The upward reversal from the support level 1.9000 created the daily Japanese candlesticks reversal pattern Hammer.
Given the strongly bearish New Zealand dollar sentiment seen today – GBPNZD is likely to rise further toward the next resistance level 1.945 (top of the previous short-term correction (ii) from June).
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies