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26 Apr 2019

GBP/USD Technical Analysis: Cable weakening below 1.2920 level

GBP/USD daily chart

GBP/USD is drifting down below its main SMAs suggesting an overall bearish bias.

GBP/USD 4-hour chart

GBP/USD is evolving below its main SMAs suggesting bearish momentum in the medium-term.

GBP/USD 30-minute chart

GBP/USD is capped below the 1.2920 resistance and the 50 SMA.
The bias stays tilted to the downside as the level to beat for bears is 1.2860 and 1.2820 support.
Resistances are seen at 1.2920 and 1.2950 level.

Additional key levels

Apr 26, 2019

RBNZ’s Orr: Room to cut rates if required, we are in a pretty good spot

Reserve Bank of New Zealand (RBNZ) Governor Adrian Orr appeared for an interview before New Zealand’s National Business Review.

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Apr 26, 2019

NZD/USD holds recent gains to 0.6630 ahead of New Zealand trade balance

NZD/USD stretches its recovery to 0.6630 at the start of the Asian session on Friday ahead of the monthly trade balance figures from New Zealand.

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