The GBPNZD moves to the bullish track – Analysis – 19-2-2021
Economies.com
2021-02-19 08:12AM UTC
The GBPNZD pair faced strong positive pressures to notice surpassing the bearish channel’s resistance at 1.9220, to move to the bullish track and starts recording some targets by touching 1.9416.
The stability of the moving average 55 near the breached resistance will support forming key support line against the bullish trades, also, stochastic approach to 80 level will activate the bullish bias domination, to expect targeting 1.9470 level soon, followed by reaching 61.8% Fibonacci correction level at 1.9630.
The expected trading range for today is between 1.9265 and 1.9400
The expected trend for today: Bullish
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