FX News

NZD/GBP Transfer

Apart from a small uptick early Monday off the open by the English Pound (GBP) to 0.4860 (2.0580), the New Zealand Dollar (NZD) has extended long term momentum reaching 0.4890 (2.0460) into Tuesday. The big picture uptrend from 6 weeks ago cleared resistance at 0.4875 (2.0520) which could imply the kiwi could carve out a longer-term uptrend however a push past 0.4905 (2.0380) could be tough.

Current Level: 0.4883
Resistance: 0.5000
Support: 0.4630
Last Weeks Range: 0.4762 – 0.4881

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