GBP/NZD

The NZD keeps stamping against the USD and gives the other currencies the opportunity to rise against it. The pair has created the "Cup & Handle" pattern under 1.96 and if the pair breaks through this resistance and the resistance of the 200 SMA, it might jump to the psychological number of 2.0. However, as we always warn in these kinds of situations, it is dangerous to buy a currency in extreme levels and sometimes it is better to wait for a false-break & reversal rather than taking a chance with deep stop-loss order.