GBP/NZD chart on Trading View used for analysis
- GBP/NZD has broken below 50-DMA support raising scope for further downside.
- Kiwi boosted earlier in the day after RBNZ failed to satisfy dovish expectations.
- Further, GBP-selling in the wake of Brexit uncertainty keeps bias lower.
- Price action has hit 4-week lows at 1.8743. Bollinger bands are widening which shows increased volalitity.
- Technical studies support weakness. We recommend using upticks to go short.
Support levels - 1.87, 1.86 (Jan 11 low), 1.8227 (Dec 4 low)
Resistance levels - 1.8869 (50-DMA), 1.9003 (55-EMA), 1.9094 (110-EMA)
Recommendation: Good to go short on upticks, SL: 1.8870, TP: 1.87/ 1.86/ 1.8230
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


FxWirePro- Major Pair levels and bias summary
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
US Magnificent 7 Stocks Trend Score: Amazon & Microsoft Hit Extreme Bullish (+100) as Meta Drops to -100 — Key Resistance & Support Watchlist
FxWirePro: EUR/ AUD dips below 1.6400 level, focus on near term support
FxWirePro: AUD/USD cedes early gains ,outlook bearish
FxWirePro:USD/JPY climbs back above 160.00 after BOJ rate decision
FxWirePro: USD/CAD retreats after Canada posts stronger-than-expected GDP growth
FxWirePro: AUD/USD gains some ground but outlook is bearish
FxWirePro: USD/CNY downtrend loses steam, remains on bearish path
FxWirePro: GBP/AUD bears maintain upper hand
Major European Indices Score Extremely Bullish: DAX Eyes 26000, CAC Targets 8600, FTSE100 at 11000 – Key Levels to Watch
FxWirePro: USD/ZAR gains as stronger dollar outweighs upbeat South Africa's trade surplus
All Major JPY Pairs Hit Extreme Bearish Score of -100: USDJPY, EURJPY, GBPJPY, AUDJPY, NZDJPY & CADJPY Flash Maximum Weakness
FxWirePro: USD/CNY dips to hit three year low,scope for further downside
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/USD rises as soft US data pressures dollar 



