Pound sterling to New Zealand dollar cross-pair looks really impressing on the daily chart. Price is inside wage formation, which should be completed in the next few weeks. After that, we will be able to forecast further cross movements.
During last few trading days GBP/NZD nicely respected lower wage limit, finding additional support in 144/34 MAs and also 61.8% retracement of June-2012 highs.
Despite, there is a key resistance above the price – which keep it capped since 2012 (2.000/006), daily candles are far away from upper limit and will need few sessions to get there. Resistance is strengthen by upper wedge limit. But price need now more than 200 pips to get there, so we should only focus on current increases.
Looking at higher TF (W1) we can see that green candle is drawing there – bull will fight for its broadening before weekly and monthly close. So it is worth to consider buying CALL option (UP) on the GBP/NZD (expiring today at 17:00GMT). Open TopOption account now and become binary options trader!
TopOption offers 70% payout for option expiring today at 17:00 (GMT). If you invest e.g. $100 buying CALL option and the price at 17:00 will be higher than in the moment you bought the option, TopOption will pay you back $170. If the price goes down, you will lose your money. However, no matter how wrong you was, you never loss more than you bet. You can also choose other option’s expiring hours. Here you will find some useful binary options strategies. If you want to invest in TopOption you do not need to install any additional software. Just visit their website!
