Despite the RBNZ-led volatility, NZDUSD defends the early month breakout of the 100-DMA and a downward-sloping trend line from April 05. That said, the 38.2% Fibonacci retracement level of the pair’s April-October downturn, near 0.6090, restricts the Kiwi pair’s immediate declines ahead of the aforementioned resistance-turned-support line, close to 0.6040 at the...
Bearish forecast on Pound/Kiwi
Guys it has been a while, today we came out to you with our Bearish idea on GBPNZD.
Pound has been trading low since Jul 2006, where I noticed falling resistance above the troughs/swings, view on W1.
We have major resistance level daily, and weekly around 2.03166, and it has been tested on 17th Oct 2022.
It bounced to weekly low...