Tue, 08 Dec 2015 14:53:22 GMT
GBP/NZD 1H Chart: Broadening Falling Wedge
The Pound is testing an important support in the 2.2609-2.2576 range, which consists of the weekly and daily pivot points, 100 and 55-hour SMAs. The cross had no issues in crossing the similar area earlier on Monday, meaning we can estimate the sell-off to succeed. It is worth pointing out that 1H and daily technical indicators are giving signals to