The New Zealand Dollar (NZD) continues to improve to 0.4750 (2.1060) today against the British Pound (GBP) the second week running amid volatile swings we have seen the kiwi favoured. BoE’s Greene said earlier it will be “steady as she goes” approach to easing monetary policy who voted against cutting rates at the August meeting. Setbacks in the GBP look to be well supported around 0.4760 (2.1000) the top of the long-term bear channel. It’s a thin week of data releases with just UK PMI construction due Friday.
Current Level: 2.1101
Resistance: 2.1450
Support: 2.0970
Last Weeks Range: 2.1057- 2.1362