GBP/NZD capped at cloud, stay short on upticks
GBP/NZD hits new 3-week lows below 21-EMA support, bias bearish.
Stochs and RSI are sharply lower and MACD is on verge of a bearish crossover on signal line.
Price action has been rejected at daily cloud, dip till lower Bollinger Band at 1.8435 likely.
Support levels - 1.8677 (4H 200 SMA), 1.8625 (Nov 16 low), 1.8435 (Lower BB)
Resistance levels - 1.8792 (21-EMA), 1.8833 (5-DMA), 1.8927 (55-EMA)
Good to stay short on upticks, SL: 1.88, TP: 1.8675/ 1.8625/ 1.85
Stochs and RSI are sharply lower and MACD is on verge of a bearish crossover on signal line.
Price action has been rejected at daily cloud, dip till lower Bollinger Band at 1.8435 likely.
Support levels - 1.8677 (4H 200 SMA), 1.8625 (Nov 16 low), 1.8435 (Lower BB)
Resistance levels - 1.8792 (21-EMA), 1.8833 (5-DMA), 1.8927 (55-EMA)
Good to stay short on upticks, SL: 1.88, TP: 1.8675/ 1.8625/ 1.85
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