GBP/NZD still higher?

Monday, 27/03/2017 | 08:28 GMT

Disclaimer

GBP/NZD has taken out the 200 day Moving Average and assuming this holds the next target will be late 2016 highs of 1.7930, supported by the ascending triangle.

looking at further weakness having broken below the 200 day MA. Look for support around pre-US election levels of 0.9785 then mid-September’s 0.9700.

This article comprises the personal view and opinion of the STO Investment Research Desk and at no time should be construed as Investment Advice.

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Source: https://www.stofs.com/en/newsroom/entry/TECHNICAL/gbpnzd-still-higher

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