FX News

NZD/GBP Transfer:

Price action in the New Zealand Dollar (NZD) continues to track on a downward trajectory against the English Pound (GBP) following a series of long-term lower lows and lower highs. This week the kiwi is down again on risk sentiment as Chinese data has weighed on risk conditions and the recent RBNZ policy pause. This week’s inflation data for both countries will be key with both predicted to print lower. Any forthcoming hike by the Bank of England (BoE) will be determined by the number. Solid resistance at 0.4880 (2.0500) suggests we could see a retest of 0.4785 (2.0900) over the week.

Current Level: 0.4839 (2.0665)
Resistance: 0.5060 (2.0900)
Support: 0.4785 (1.9760)
Last Weeks Range: 0.4780-0.4882 (2.0481-2.0917)

Previous ArticleNext Article