The New Zealand Dollar (NZD) is struggling to gain any momentum against the British Pound (GBP) post last week’s NZ CPI release. The kiwi has clocked further losses reaching 0.4625 (2.1620) in early Tuesday clearing the support and level at 0.4630 (2.1590) – the low from May 2016. This date signifying the massive shift in the cross-post Brexit voting. No data this week in the pair should indicate any moves will be based on big picture themes.
Current Level: 0.4621
Resistance: 0.4715
Support: 0.4545
Last Weeks Range: 0.4653- 0.4717