GBP/NZD 1H Chart: Short-term increase expected

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)SellNeutralNeutral
Stochastic(5;3;3)NeutralNeutralNeutral
Alligator(13;8;5)BuyNeutralNeutral
SAR(0.02;0.2)BuySellBuy
Aggregate

The British Pound has been depreciating gradually against the New Zealand Dollar since the beginning of March.  

As apparent on the chart, the GBP/NZD exchange rate has already reversed north from the lower boundary of the medium-term ascending channel at 1.8950. Given that the currency pair is being supported by the 55-, 100– and 200-hour SMAs, the short-term increase expected. However, the rate has to surpass strong resistance level located at 1.9500. If the pair surpasses given level, next upside target is expected to be the Fibonacci 23.60% retracement at 1.9749. 

If given resistance holds, it is likely that the pair reverses south and re-tests the lower channel line located circa 1.9050.

Actual Topics

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台,SWFX和其它相关交易详情,
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.