FxWirePro :GBP/NZD rebounds, critical resistance lies ahead

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FxWirePro : EUR/AUD attracts buying interest, 23.6% Fibonacci eyed

FxWirePro- Major pair levels and bias summary

FxWirePro: GBP/NZD gains sharply after RBNZ hikes 25 bps to 5.50%,good to buy on dips

FxWirePro: EUR/NZD extends gains, faces 23.6%fib resistance

FxWirePro:GBP/AUD rebounds, strong resistance lies ahead

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FxWirePro- GBPJPY Daily Outlook

FxWirePro: GBP/NZD bulls undeterred, eyes 23.6% fib resistance

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FxWirePro- Top altcoins for the day (Strength index) (RNDRUSD)

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (EURUSD and AUDJPY) for the day)

FxWirePro- Major pair levels and bias summary

FxWirePro- GBPJPY Daily Outlook

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FxWirePro :GBP/NZD rebounds, critical resistance lies ahead

Thursday, August 4, 2022 10:41 PM UTC

• GBP/NZD initially on Thursday after the Bank of England raised interest rates but recovered ground as market digested rate hike decision.

• The British central bank's Monetary Policy Committee voted 8-1 for a half percentage point rise in Bank Rate to 1.75% - the highest level since late 2008.

• GBP/NZD vaulted higher, rising above 14-day moving average and recovering most of the earlier session's losses.

• Technicals are favouring bullish sentiment as RSI is at 51 and the pair is trading below 5, 9 & 11-DMAs.

• Immediate resistance is located at 1.9137(21DMA), any close above will push the pair towards 1.9392(38.2% fib).

• Support is seen at 1.9257(50% fib) and break below could take the pair towards 1.9150 (Daily low)..

Recommendation: Good to buy around 1.9300, with stop loss of 1.9200 and target price of 1.9380.

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