GBP/NZD breaks major resistance at 2.1030, targets 2.1250
Major Support -2.0880 (trend line joining 2.0625 and 2.08325)
Major resistance- 2.103 ( trend line joining 2.1997 and 2.12525)
The pair has recovered after making a low of 2.0835. It is currently trading around 2.10665.
The pair’s minor support is around 2.1000 and break below targets 2.0930/2.0880 in short term.
Short term trend is slightly bullish as long as support 2.0930 holds.
On the higher side major resistance is around 2.103 and any break above targets 2.1100/2.1250.
Overall bearish invalidation only above 2.1250.
It is good to buy at dips around 2.1065-70 with SL around 2.100 for the TP of 2.125
Major resistance- 2.103 ( trend line joining 2.1997 and 2.12525)
The pair has recovered after making a low of 2.0835. It is currently trading around 2.10665.
The pair’s minor support is around 2.1000 and break below targets 2.0930/2.0880 in short term.
Short term trend is slightly bullish as long as support 2.0930 holds.
On the higher side major resistance is around 2.103 and any break above targets 2.1100/2.1250.
Overall bearish invalidation only above 2.1250.
It is good to buy at dips around 2.1065-70 with SL around 2.100 for the TP of 2.125