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FxWirePro: GBP/NZD remains bullish as rally continues 
- Major resistance - $49.35 (161.8% retracement of 46.79 and 42.90)
- Major support - $46.70 (10 day MA)
- US oil has gained drastically after making a low of 46.72 yesterday. The commodity has broken $48.91 (18 the May High) today morning and jumped till $49.26.
- US crude should break above $49.35 for further up move .Any break above $49.35 will take the commodity to next level $50/$50.90 level.
- On the lower side minor support is around $48.70 and break below targets $48/$46.75.
- Daily MACD – Bearish Divergence
It is good to sell on rallies around $49.30-$49.35 with SL around $50 for the TP of $46.75
