Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:GBP/NZD chart very bullish, on course to break 1.9300

• GBP/ NZD rose on Monday as successful coronavirus vaccine rollouts and hopes of a rapid economic recovery  in UK lifted the pair.

• British Prime Minister Boris Johnson will decide this week how soon England can exit COVID-19 restrictions after vaccinating  its most vulnerable people.

• At GMT 17:40, the pair was last trading at 1.9227, highest level since late April 2018  

• GBP/ NZD bulls look set to break resistance psychological barrier at 1.9300.Break of that resistance could lead to test of 1.9347 resistance(23.6%fib). 

•  Support is seen at 1.9188 (38.2%fib) and break below could take the pair towards 1.9064(50%fib).

• Recommendation: Good to buy around 1. 9220, with stop loss of 1.9050, target price of 1. 9320
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.