Top Forex Brokers – Forex Weekly news and analysis For February 24 – March 2， 2025
GBPUSD rises within a rising wedge, facing the 1.2680 resistance and the 100-MA.
•If the price breaks above the 1.2680 resistance, it may trigger a rise toward 1.2800;
•A bounce from the upper border of the pattern may cause the price to fall to the 1.2500 support.
USDCHF declined to the crucial 0.8980 support zone. The MACD histogram fell below the 0-line. However, the 100-MA crosses the 200-MA, giving a bullish sentiment.
•A rebound from the 0.8980 may lead to a rise to 0.9050;
•A break below the support zone may bring USDCHF back to 0.8920.
NZDUSD stays within a bearish flag, retesting the upper border of the pattern and 100-MA. MACD crosses the 0-line, but the bearish trend remains intact.
•If the price breaks above 0.5770, NZDUSD could rise to 0.5830;
•If the retest fails, the pair may drop to the 0.5690 support level.
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