GBP/NZD chart on Trading View used for analysis
- GBP/NZD hits 16-week highs at 1.9512 before paring some gains to close at 1.9424 on Wednesday's trade.
- The pair is consolidating 200-DMA breakout, bias still bullish.
- Price has broken major trendline resistance at 1.9125. Technical studies support upside in the pair.
- RSI is at 64, bias higher. Stochs show momentum is with the bulls. MACD is showing a bullish crossover on signal line.
- Next major bull target lies at 61.8% Fib at 1.9574. Further upside can see test of 76.4% Fib at 2.0.
- We see weakness on retrace and close below 200-DMA. Weakness till 1.90 then likely.
Call update: Our previous call (https://www.econotimes.com/FxWirePro-GBP-NZD-200-DMA-breakout-good-to-go-long-on-dips-1503725) has hit TP1/2.
Recommendation: Book partial profits at highs. Stay long for further gains.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Euro Retreats as Geopolitical Tensions Surge: EURUSD Eyes 1.1400 Floor Amid Safe-Haven Demand
FxWirePro- Major Crypto levels and bias summary
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
NZDJPY Bears Take Control: New Zealand Dollar Retreats as 92 Resistance Holds Firm
FxWirePro: USD/CNY gains some ground but bearish outlook persists
Ethereum Rises on Geopolitical De-escalation: Pezeshkian’s Peace Signal Ignites Bullish Momentum
FxWirePro- Woodies Pivot(Major)
FxWirePro- Major European Indices
EUR/JPY Bulls Charge: Eyeing 186.00 as Euro Strength Intensifies
FxWirePro: GBP/USD outlook weaker on renewed downside pressure
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/ZAR fibo rejection triggers sizeable pullback
FxWirePro: AUD/USD downside pressure builds, key support level in focus
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD gaining momentum for a move towards 1.6800 level
FxWirePro- Major Pair levels and bias summary 



