Thread: Currency Insights by Mario Sant Singh (FXPRIMUS Director of Training and Education)
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Old 05-12-2012, 09:56
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Default Currency Insights by Mario Sant Singh (FXPRIMUS Director of Training and Education)
GBPNZD – bearish signs likely to continue

As I mentioned in yesterday’s Daily Market Report, there was a high likelihood for the pair to retrace since it was near the key resistance level 1.9630.

The pair retraced below the 1.9540 level in the early morning, and I prefer the “sell on peak” over this pair again. The 1st resistance level is at 1.9565, and 2nd resistance is at 1.9630. The coming support is unchanged at 1.9485.

Via AskMarioSingh blog (Daily Market Report)
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