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FxWirePro- Major Crypto levels and bias summary

FxWirePro- Major Pair levels and bias summary

FxWirePro: USD/CNY downside pressure builds, key support level In focus

FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook

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FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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FxWirePro : GBP/NZD reverses recent rally as bullish signals weaken

Friday, July 2, 2021 4:35 PM UTC

• GBP/NZD dipped on Friday as sterling was pressured in the wake of dovish comments from the Bank of England’s governor.

• Bailey’s comments knocked the pair to its lowest since June 29th, drop has brought some key technical levels into view.

Technical signals are bearish as RSI is at 49, daily momentum studies 5, 9 and 10 DMAs are trending down.

• Immediate resistance is located at 1.9705(50%fib), any close above will push the pair towards 1.9788 (38.2%fib).

• Immediate support is seen at 1.9616(61.8%fib ) and break below could take the pair towards 1.9577(Lower BB).

Recommendation: Good to sell around 1.9700 with stop loss of 1.9790 and target price of 1.9610

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FxWirePro : GBP/NZD reverses recent rally as bullish signals weaken

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