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31 Dec 2014
GBP/NZD hits fresh daily highs, trades above 1.99 handle
FXStreet (Mumbai) - The British Pound edged higher against its New Zealand counterpart, reversing five consecutive days of losses, as sterling rebounds versus the US dollar.
Currently, the GBP/NZD pair hits fresh daily high at 1.9903 levels, up 0.17% on the day, having posted day’s low at 1.9837 earlier in the day. The GBP/NZD cross gains largely on the back of renewed pound strength against the US dollar. The GBP/USD pair hit fresh daily high now to trade at 1.5594 levels, up 0.16% on the day. While, NZD/USD traded flat, at time of writing.
GBP/NZD Technical Levels
The pair has an immediate resistance at 1.9975 (Dec 30 High) levels, above which gains could be extended to 2.003 levels. On the flip side, support is seen at 1.9837 (Today’s Low) levels, from here it to below 1.98 levels.
Currently, the GBP/NZD pair hits fresh daily high at 1.9903 levels, up 0.17% on the day, having posted day’s low at 1.9837 earlier in the day. The GBP/NZD cross gains largely on the back of renewed pound strength against the US dollar. The GBP/USD pair hit fresh daily high now to trade at 1.5594 levels, up 0.16% on the day. While, NZD/USD traded flat, at time of writing.
GBP/NZD Technical Levels
The pair has an immediate resistance at 1.9975 (Dec 30 High) levels, above which gains could be extended to 2.003 levels. On the flip side, support is seen at 1.9837 (Today’s Low) levels, from here it to below 1.98 levels.