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STO Technical - GBP/NZD eyes 200 day MA

STO

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EUR/USD is recording a string of higher lows, establishing the uptrend. Look for resistance at recent highs of 1.0830 then the 200 day moving average of 1.0900.


GBP/NZD is struggling to break above the 23.6% retracement of the late 2016 rally. If 1.7690 falls, look for convergence with the 200 day moving average around 1.7830.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

STO Review

Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gbpnzd-eyes-200-day-ma
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