GBPNZDTrading Outlook

GBPNZD; TRADING OUTLOOK – 3rd of December, 2019



Looking for a break!

The pair have hit hard in yesterday’s trading. Smashed and off the 2.0 levels.

Possibly looking for Fibo. 61.8% retracement ( on the hourly chart).

Therefore, we are keen to observe whether the market could hold these levels e.g. 1.98 & 1.96, if it holds, it would be quite possible to get 2.06 &2.08 levels thereafter.

our preference

Firstly our preference is: Buy above. 1.9814 stop loss. 1.9655. TP. 2.07169.

Alternative Scenario!

Break out of 1.9655 would possibly open the path of 1.9329 &1.90531.

Have happy trading!!!