U.S. Treasury Yields Expected to Decline Amid Cooling Economic Pressures 
European Stocks Rally on Chinese Growth and Mining Merger Speculation 
U.S. Stocks vs. Bonds: Are Diverging Valuations Signaling a Shift? 
Stock Futures Dip as Investors Await Key Payrolls Data 
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure 
Mexico's Undervalued Equity Market Offers Long-Term Investment Potential 
Global Markets React to Strong U.S. Jobs Data and Rising Yields 
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms 
Oil Prices Dip Slightly Amid Focus on Russian Sanctions and U.S. Inflation Data 
Moldova Criticizes Russia Amid Transdniestria Energy Crisis 
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand 
Fed May Resume Rate Hikes: BofA Analysts Outline Key Scenarios 
GBP/NZD chart on Trading View used for analysis
- GBP/NZD is extending weakness for the 4th straight session, trades 0.08% lower on the day at 1.8618 at the time of writing.
- Pound depressed as Brexit headlines continue to point to a March exit with the current deal or no deal.
- Carney repeated BoE's warning about the risk that the UK is not prepared for such a scenario.
- Further, UK Consumer Confidence fell to 11 months low of -13 in Nov according to CFK, adding pressure on the Pound.
- Technical analysis supports bearish bias. Price action below cloud and major moving averages.
- The pair has slipped below and remains capped at 110-W EMA. Momemtum studies highly bearish.
- Decisive breach at major support at 1.8588 to see dip till 61.8% Fib at 1.8143.
Support levels - 1.8588 (trendline, weekly cloud base and 50% Fib), 1.8143 (61.8% Fib)
Resistance levels - 1.8721 (5-DMA), 1.9166 (110W EMA), 1.9395 (200-DMA)
Recommendation: Stay short on upticks, SL: 1.90, TP: 1.8588/ 1.8143
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
