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FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook

FxWirePro: USD/CAD slips as oil rally boosts loonie

FxWirePro: GBP/USD advances on steady UK GDP growth

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

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FxWirePro:GBP/NZD rebounds, critical resistance lies ahead

Thursday, May 20, 2021 8:57 PM UTC

• GBP/NZD recovered from earlier decline on Thursday as bets on a faster economic rebound in Britain, driven by its rapid vaccination supported sterling.

• The pair is currently approaching resistance at 1.9723 (23.6% fib ). A break would further accelerate gains towards 1.9800 level.

• Technical signals are bullish as RSI is at 62, daily momentum studies 5 ,9 DMA’s are trending higher.

• Immediate resistance is located at 1.9723 ( 23.6%fib), any close above will push the pair towards 1.9803( Higher BB).

• Immediate support is seen at 1.9603 (38.2% fib) and break below could take the pair towards 1.9559 (9DMA).

Recommendation: Good to buy around 1.9690 with stop loss of 1.9580 and target price of 1.9770.

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FxWirePro:GBP/NZD rebounds, critical resistance lies ahead

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