FX News

NZD/GBP Transfer

Risk sentiment pushed the New Zealand Dollar (NZD) lower Monday to 0.4740 (2.1090) against the British Pound (GBP), the latest dip could have been a whole lot worse with the escalation in the Middle East not as bad as first feared. Both NZ and UK inflation releases tomorrow with expectation of a tick lower in both the UK figure and NZ prints. We expect a retest of the support zone around 0.4725 (2.1170) the September 2023 low.

Current Level: 0.4742
Resistance: 0.4785
Support: 0.4725
Last Weeks Range: 0.4754- 0.4795

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