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British Pound/New Zealand Dollar (GBP/NZD) Exchange Rate
GBP/NZD Pivot Points
GBP/NZD Latest Updates
Bullish momentum in the GBP/NZD is gathering strength after price action bounced off of the top range of its support zone.
After this currency pair was able to eclipse its support zone, bullish momentum faded as a result of the US killing attack on Iraqi soil to kill a top Iranian general.
After UK Prime Minister announced plans to make an extension of the Brexit transition period past December 31st 2020 illegal, the British Pound entered a sharp sell-off.
The British pound has had a productive week, breaking towards the upside quite significantly, slicing above the top of the overall consolidation that we had been in for a couple of months.
The British pound has rallied a bit over the last 30 days as October was very kind to Sterling.
The British Pound is likely to face more downside pressure as Brexit uncertainty and political turmoil will cause more profit taking.
Upside in the GBP/NZD has been exhausted as bulls have pushed this currency pair close to the 2.00000 level.
Check out our weekly Forex forecast focusing on major pairs to pay attention to during the week of February 10, 2019 here.
The British pound has been the shooting much higher against many other currencies around the world as there seems to be a delay in the Brexit coming.
The British pound has broken down during the course of the month of November as the British pound continues to struggle.
During the day on Wednesday, we went back and forth during the course of the session on Wednesday, as the market should continue to see quite a bit of bearish pressure on the British pound in general.
The GBP/NZD pair fell during the bulk of the session on Tuesday, but as you can see found plenty of support at the 2.00000 handle. With that being the case, the market looks as if the buyers are stepping in and that the “2” level is in fact one that the buyers are willing to support.
The Kiwi is at its strongest level ever against the British Pound. This comes as a result of a relatively constant and steady increase in value in the Kiwi Currency combined with a faltering Pound...and now takes us into completely uncharted territory just like Captain Kirk & Jean-Luc Picard.
Check out this free Forex signal for the GBP/NZD pair and see what the recommendation for your trading is here.
From what I can tell, the GBP/NZD is trading at a lower price than ever before. The previous all time low was at 1.85439 and was set in August 2011.
The GBP/NZD was trapped in a descending wedge since mid 2012, and an even tighter range for November 2012. We saw the pair break out to the downside on December 06, 2012 when it fell to test the long term trend-line at 1.9065 before returning to the same level that had trapped it for so long.
Check out this free Forex signal for the GBP/NZD pair as the new year begins. If you are a swing or position trader this signal is for you!
The Kiwi is performing quite well compared to the weakness of the Sterling in the past week. As a result the GBP/NZD has broken out of a triangle formation that has held the pair in check since August with continually higher lows and especially, lower highs.
The GBP/NZD pair attempted to break through the 1.95 level on the Friday, but was repelled by the sellers in order to form a shooting star.
GBP/NZD fell slightly during the session on Thursday, as it ran into resistance around the 1.93 level. The area was support recently, and as such it looks like it should continue to be resistance as typical technical analysis dictates.