Thursday, October 15, 2026

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FxWirePro: GBP/NZD bear could be poised to charge at 38.2% fib support, good to sell on rally

• GBP/NZD declined on Monday as higher U.S. Treasury yields added pressure on currencies like the pound. •GBP/NZD weakened more aggressively than other cross pairs, at GMT 18:17, the pair was trading down 0.41 percent at…

By FxWirePro Team
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FxWirePro: GBP/NZD bear could be poised to charge at 38.2% fib support, good to sell on rally
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• GBP/NZD declined on Monday as higher U.S. Treasury yields added pressure on currencies like the pound.

•GBP/NZD weakened more aggressively than other cross pairs, at GMT 18:17, the pair was trading down 0.41 percent  at 1.9295 after reaching daily low at 1.9275.

• Technicals are favouring bearish sentiment as RSI is at 48 and the pair is trading below  5 & 9-DMAs.

• Immediate resistance is located at 1.9440 (50%fib), any close above will push the pair towards 1.9538 (Higher BB)

• Immediate support is seen at 1.9220(23.6%fib ) and break below could take the pair towards 1.9189 (30DMA).

Recommendation: Good to sell  around 1.9310, with stop loss of 1.9500 and target price of 1.8200

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Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team