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FxWirePro- Woodies Pivot(Major)

FxWirePro- Major European Indices

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FxWirePro:EUR/AUD eases but bullish outlook persists

FxWirePro- Major Pair market sentiment (CCI-ADX-EMA) setup

FxWirePro: GBP/NZD attracts buying interest, 38.2% fib eyed

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FxWirePro :GBP/NZD outlook weaker on renewed downside pressure

Monday, May 22, 2023 10:13 PM UTC

• GBP/NZD dipped on Monday as traders adjusted positions ahead of Tuesday’s UK PMI data and Wednesday's price data.

• Price slides to 1.9746 from 1.9880 Daily high. The pair has seen a 134 pip range, on Monday.

• Technicals are favouring bearish sentiment as RSI is at 40 and the pair is trading below 5,10 & 11-DMAs.

• Immediate resistance is located at 1.9896 (38.2% fib), any close above will push the pair towards 1.9933 (14DMA)

• Strong support is seen at 1.9746 (50% fib)and break below could take the pair towards 1.9674(Lower BB).

Recommendation: Good to sell around 1.9820 with stop loss of 1.9900 and target price of 1.9760

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FxWirePro :GBP/NZD outlook weaker on renewed downside pressure

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