This pair offers opportunities to profit from the upside as we see price action rallying off recent lows at the 1.8900 level especially when we look at the 1H chart.

However, a look at the daily chart gives us a better indication of how to position ourselves this week as we see price action [...]

The Kiwi continues to do well and have an undeniable bear run in progress as far as this pair is concerned. Traders trading this pair should continue to look for opportunities to go short as they bear in mind that we are at the end of the trading week and have NFP’s due later today.

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The downward spiral continues as the bears continue to crowd out the bulls Key support at the 1.9400 level has been taken out with the 1.8580 area beginning to look like the likeliest destination for the GBPNZD. Our outlook for the day is to sell off any rallies and generally be on the look out [...]