FxWirePro: GBP/NZD Near-Term Outlook

GBP/NZD chart on Trading View used for analysis

FxWirePro Currency Strength Index for GBP/NZD: Bias Bearish
FxWirePro's Hourly GBP Spot Index was at -64.2315 (Neutral)
FxWirePro's Hourly NZD Spot Index was at 104.013 (Bullish)

Technical Analysis: Bias Bearish
- Rejected at session highs at 1.8760
- 5-DMA is showing a turn
- Price action below cloud and major moving averages
- Pair has slipped below and remains capped at 11W EMA

Support levels - 1.8588 (weekly cloud top and 50% Fib), 1.8143 (61.8% Fib) 
Resistance levels - 1.8780 (5-DMA), 1.9167 (110W EMA), 1.9398 (200-DMA)

Recommendation: Stay short on upticks, SL: 1.90, TP: 1.8588/ 1.8143

For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.