Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
GBP/NZD breaks support at 2.1395, targets 2.1100
British Pound / New Zealand Dollar
Short
GBP/NZD breaks support at 2.1395, targets 2.1100
By FxWirePro
Follow
Follow
Feb 22, 2016
4
Cheer
Cheer
Feb 22, 2016
GBP/NZD hits fresh half-yearly lows at 2.1298, downside accelerating as we write.
The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from there.
Brexit worries continue to weigh on the sterling, while the Kiwi stands supported on a rebound in commodity prices.
Immediate support and resistance are seen at 2.1145 (May 22nd 2015 lows) and 2.1568 (Session highs).
We see scope for further downside, we recommend holding short call (link below) for 2.1100 levels.
GBP
GBPNZD
NZD
FxWirePro
Follow
Related publications
GBP/NZD hits 6-month lows, further weakness seen - short rallies
by FxWirePro
Published
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the
Terms of Use
.