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Gbpnzd4hr

GBPNZD approaching resistance, look out for potential reversal! GBPNZD is approaching its resistance at 2.03294 where it is could reverse down to its support at 2.01334. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.99812 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.96170 where it could potentially rise further to 2.03780. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD bounced from support, potential for a further rise! GBPNZD bounced off 1.93178 where it could potentially rise further to 2.00037. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Long
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93799 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93462 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBPNZD to reverse from downside confirmation, potential drop! GBPNZD to reverse from its downside confirmation at 1.93423 where it could potentially drop further to 1.89270. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone
GBP/NZD Long to 1.90 or 1.8445 Comment Your ThoughtsAccording Mark McCormick, Global Head of FX Strategy at TD Securities, suggests to go long on GBP/NZD cross at current levels, targeting a move to 1.90 and a stop of 1.8445. Key Quotes “While all the G10 shows downside growth momentum, the USD, for its part, falls into the worst quadrant that shows dual deceleration. Even so, NZD takes top shop in terms of the overall worst ranking and GRMI doesn't help its ranking this week. We also expect a weak NZ CPI print that could catalyze NZD downside.” “For GBP, while it has plenty of Brexit risks to manage, we note this week's event calendar offers smoother sailing. Furthermore, GBP checks a few boxes in the desirable (tactical) contrarian trade column, reflecting its weight in these baskets. It is also trading with a 2% discount to HFFV against the USD. When we calculate the cross NZD HFFV levels, GBPNZD is trading at a whopping 5.3% discount!”
by ProfxCapital