Trader Chat via FXWW Chatroom

GS said this in a note overnight… GBPNZD – This cross may be an interesting one to keep on the radar. It has pushed above the cycle highs since Nov. ’11 at 2.1048-2.1056. If sustained into a weekly/monthly close, this has potential to significantly open up topside risks. The next big monthly pivot is all the way up at 2.1764; the cycle low from May ’96.

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