Market hesitation and Upward trend for GBPNZD pair. Targeting 1.9688 with almost 3:1 reward to risk
Momentum move to lower support level. Price currently consolidating so move most likely will occur during Asian session.
Break of important level and volume flow moving in direction of long. This tells me there are more buyers than sellers, higher probability trade.
London Close rejection and AUD lag on interest rate rise.
Well overbought with Biden’s Tax hikes to cause some concern in the markets. Expect some downside here
Downward momentum for GBP. Expect further downside- Frankfurt reversal creating good entry level
Exhaustion of move down, expectation of rebound to nearest resistance level.
Exhaustion point and potential downside risk with AUD correlation to NZD
Exhaustion on upward move. Expect a retreat to nearest support level for more liquidity
Breakout possibility, looking for slight pull back. SL 4 TP45
to support level. 4 pip SL 41 TP- Re-entry if needed