- GBP/NZD bounces off 110-EMA, bias higher, scope for further upside.
- The pair is trading in a 'Symmetric Triangle' pattern, has bounced off strong support at 1.89 (major trendline support).
- Technical indicators are turning higher. Stochs have rolled over from oversold levels.
- MACD is on the verge of a bullish crossover on signal line and RSI is biased higher.
- Upside is capped by daily cloud and breakout above could see further upside.
- Next major resistance lies at 1.9365 ('Triangle Top'). Violation there could see further upside.
Support levels - 1.9085 (21-EMA), 1.8930 (converged 110-EMA and Triangle base), 1.89 (Feb 22 low)
Resistance levels - 1.9226 (cloud top), 1.93, 1.9365 (Triangle Top), 1.9454 (Feb 8 high)
Recommendation: Good to go long on dips around 1.91, SL: 1.8925, TP: 1.9225/ 1.9365/ 1.9450
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest


FxWirePro: USD/ZAR trades in narrow range as Middle East tensions fester
FxWirePro- Major Pair levels and bias summary
FxWirePro- Major Pair levels and bias summary
Institutional Whale Surge: ETHUSD Trends Higher as Bitmine Amasses 4.97 Million Ether
FxWirePro: EUR/AUD downtrend loses steam but outlook still bearish
FxWirePro- Major Crypto levels and bias summary
Euro Under Pressure: EURUSD Retreats Amid Escalating Middle East Tensions
Aussie Retreat: AUDJPY Sees Minor Profit-Taking After Touching Multi-Year Peak
FxWirePro: USD/CNY edges lower, set to stay on back foot
FxWirePro: GBP/NZD slips amid prolonged geopolitical uncertainty
FxWirePro: USD/CAD shows upside momentum, but bearish outlook remains
FxWirePro: USD/JPY edges higher as yen weakens on BOJ policy uncertainty
Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks
FxWirePro: EUR/ NZD downside pressure builds, key support level in focus
FxWirePro: GBP/NZD bears gain momentum awaiting Mideast Geopolitical clarity
FxWirePro- Woodies Pivot(Major) 



