GBP/USD: consolidation
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EUR/NZD: euro keeps losing
Information is not investment advice
EUR/NZD has once again turned down from the levels around 1.7600. The pair found some support at 1.7300 on Thursday but slipped below all the important Moving Averages (50-, 200- and 100-period) on the H4. The euro isn’t oversold yet, and the decline below 1.7300 will bring it to 1.7235/25 (61.8% Fibo of the September advance, 50-day MA). Resistance lies at 1.7360, 1.7380 and 1.7400.
Elizabeth Belugina
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