Trade Recommendation: GBPNZD
The price bounces from SMA50 and 1.92000 resistance level. RSI confirms price reversal and MACD histogram supports downward movement. DMI allows opening short trades. Pending orders for sell can be placed at 1.91650 level with stop at 1.92750 level. Profit targets are 1.90700 and 1.90000 levels. Don’t risk more than 3% from your deposit in this trade.
Profit Targets: 1.90700 and 1.90000
Disclaimer: The analyst does not have investments in GBPNZD.