NZD/USD retraced sharply during european session after nine days of consecutive downtrend. Since we consider this movement a retrace, we could expect that the main trend will restart. We will look to enter with a sell limit order around 0.6520 and we'll set the stop over the new resistance at 0.6550.
GBP/NZD: As happened for the above written pair, GBP/NZD retraced sharply during the european session. Since we consider this movement a retrace, we could expect that the main trend will restart. We'll try to find an entry point around 2.340 for a limit buy order. We'll set the stop under the new support at 2.330. Initial target 2.360.
GBP/NZD: As happened for the above written pair, GBP/NZD retraced sharply during the european session. Since we consider this movement a retrace, we could expect that the main trend will restart. We'll try to find an entry point around 2.340 for a limit buy order. We'll set the stop under the new support at 2.330. Initial target 2.360.