FX News

NZD/GBP Transfer

The New Zealand Dollar (NZD) closed the week lower at 0.4805 (2.0800) against the British Pound (GBP) after making it through to 0.4840 (2.0660) earlier. Not a lot of late data wise has been going on in the pair with flows following broader based USD moves. The standout this week is monthly UK GDP for January. With the cross failing to push past 0.4785 (2.0900) last week we favour moves towards 0.4855 (2.0600) over the week.

Current Level: 0.4810
Resistance: 0.4870
Support: 0.4780
Last Weeks Range: 0.4781- 0.4839

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