Hot issue in the markets was a referendum for independence in Scotland. It ended in rejection of the proposal to disconnect from the UK which has a positive impact on the Pound. However, it seems that a few sessions, investors were expecting such a turn of situation and the results of the referendum does not have to lead to a further strengthening of the pound. I invite you to review the potential price action setups:

AUD/NZD:

Currency pair is in the vicinity of key support. At present a little broke this level, however, if the price rises may be we have a false breakout and confirm the strength of the bulls. It would be ideal if apeared a clear signal from the price action. If the price falls below support the next support level is indicated on the chart. The trend is upward and opening long position is the best idea.

Price Action NZD/USDGBP/USD:

As I wrote at the beginning of the article the results of the referendum does not have to lead to a further strengthening of the pound. The cable is in a downward trend and you can see a clear response to the resistance level. If you get a clear sell signal short positions will be a good idea.

Price Action GBP/USDNZD/USD:

Kiwi bounces from key support. It is worth look a currency pair and seek out to enter into long positions, because on the higher interval we have the upward trend.

Price Action NZD/USD

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