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FxWirePro: GBP/NZD likely to continue grind lower, target 2.0656

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. Ou…

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FxWirePro: GBP/NZD likely to continue grind lower, target 2.0656
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GBP/NZD downside taking a breather at 2.087 levels, pair has edged higher on the day to currently trade around 2.09 levels.

Recommendation: Lower trailing stops to 2.11, target 2.0660

 

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