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Call update - GBP/NZD to continue grind lower, target 2.0656
British Pound / New Zealand Dollar
Short
Call update - GBP/NZD to continue grind lower, target 2.0656
By FxWirePro
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Updated
Feb 26, 2016
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Feb 25, 2016
GBP/NZD downside taking a breather at 2.087 levels, pair has edged higher on the day to currently trade around 2.09 levels.
But downtrend in the pair still intact, momentum studies are bearish, tests of 2.0656 likely.
Lower trailing stops to 2.11, target 2.0660
Feb 26, 2016
Trade active
GBP/NZD extends grind lower, breaks below support at 2.05651.
The pair has at the moment pared some losses and is currently trading around 2.0663.
No signs of reversal, Techs show scope for further downside, 2.0458 next likely bear target.
Lower trailing stop to 2.080, target 2.0460
Feb 26, 2016
Comment
Correction: pair broke support at 2.06561 (not 2.05651)
GBP
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NZD
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