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2 Jan 2015
GBP/NZD ticks up, trades above 2.0 handle
FXStreet (Mumbai) - The British Pound edged higher against its New Zealand counterpart, extending gains from the previous session largely on Kiwi weakness.
Currently, the GBP/NZD pair trades now at 2.0042 levels, up 0.30% on the day, having posted day’s high at 2.0069 and day’s low at 1.9974 levels earlier in the day. The GBP/NZD cross gained largely on the back of weakness in the New Zealand dollar versus the US counterpart after softer Chinese manufacturing data, lowest readings in eighteen months weighed on the kiwi. The NZD/USD pair trades at 0.7760 levels, down -0.49% on the day. While, GBP/USD trades -0.24% lower at 1.5540 levels, at time of writing.
GBP/NZD Technical Levels
The pair has an immediate resistance at 2.0094 (Dec 29 High) levels, above which gains could be extended to 2.015 (Dec 26 High) levels. On the flip side, support is seen at 1.9926 levels, from here it to below 1.9880 levels.
Currently, the GBP/NZD pair trades now at 2.0042 levels, up 0.30% on the day, having posted day’s high at 2.0069 and day’s low at 1.9974 levels earlier in the day. The GBP/NZD cross gained largely on the back of weakness in the New Zealand dollar versus the US counterpart after softer Chinese manufacturing data, lowest readings in eighteen months weighed on the kiwi. The NZD/USD pair trades at 0.7760 levels, down -0.49% on the day. While, GBP/USD trades -0.24% lower at 1.5540 levels, at time of writing.
GBP/NZD Technical Levels
The pair has an immediate resistance at 2.0094 (Dec 29 High) levels, above which gains could be extended to 2.015 (Dec 26 High) levels. On the flip side, support is seen at 1.9926 levels, from here it to below 1.9880 levels.