The GBPNZD pair tests the resistance – Analysis – 25-11-2021

2021-11-25 06:46:07 GMT (Economies.com)
 

The GBPNZD pair formed strong correctional bullish rebound to face 1.9435 resistance line, while the upcoming scenario depends on the strength of this resistance, as its stability allows us to expect the beginning of forming new negative trades that might push it to reach 1.9270 followed by 1.9125 levels.

 

On the other hand, facing new positive pressures and rallying above the current resistance will confirm moving to the bullish track, to manage to target many positive levels that might start at 1.9525 followed by reaching 61.8% Fibonacci correction level at 1.9630.

 

The expected trading range for today is between 1.9440 and 1.9270

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1313
0.0042
0.3740%
1.3310
0.0000
0.0019%
Tadawul
10810.60
-60.02
0.55%
22.785
-0.260
1.128%
67.765
-4.636
6.403%
72.02
-1.54
2.09%
1792.910
7.820
0.438%
 
 
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