Hi all,

Here is my prediction for GBP/NZD.

Longterm: down
Short term: up

Key levels:
a) Short term main support: 2.0550
b) If breaks short term main support we can assist further downward movement.
c) FIBO Retracement (38,2 %) - 2.0800
d) FIBO Retracement (61,8%) - 2.0950
e) Fisrt resistance level: 2.0800

For the nex week I expect movements between main support and first resistance level as you can see above on chart.


Good luck to everyone for this month Trader Contest challenge
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