GBP/NZD short setup
The pound sterling dented after calls by UK PM for independence Scottish referendum.
On the positioning front, speculative net GBP shorts have climbed to the highest level since mid-December for the week ended on February 21.
GBP/NZD breaks below 20-DMA, scope for test of 1.690 (trendline support).
Technicals are bearishly aligned, RSI and stochs are biased lower.
Support levels - 1.7041 (Jan 31 low), 1.690 (trendline and Feb 7 low), 1.6875 (Jan 17 low)
Resistance levels - 1.7275 (20-DMA), 1.7323 (5-DMA), 1.7387 (100-DMA)
Good to go short with SL: 1.7275, TP: 1.7150/ 1.7040/ 1.690
On the positioning front, speculative net GBP shorts have climbed to the highest level since mid-December for the week ended on February 21.
GBP/NZD breaks below 20-DMA, scope for test of 1.690 (trendline support).
Technicals are bearishly aligned, RSI and stochs are biased lower.
Support levels - 1.7041 (Jan 31 low), 1.690 (trendline and Feb 7 low), 1.6875 (Jan 17 low)
Resistance levels - 1.7275 (20-DMA), 1.7323 (5-DMA), 1.7387 (100-DMA)
Good to go short with SL: 1.7275, TP: 1.7150/ 1.7040/ 1.690
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.