Thursday, October 15, 2026

Technicals

Add as a preferred source on Google

FxWirePro: GBP/NZD edges higher from half-yearly lows at 2.1446, further weakness on charts

GBP/NZD extends declines below the cloud, hits half-yearly lows at 2.1446 before edging higher to trade at 2.1537. The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from there…

By Jay L. Zagorsky
1 min read
FxWirePro: GBP/NZD edges higher from half-yearly lows at 2.1446, further weakness on charts
Image from the original EconoTimes article

Read the original article

  • GBP/NZD extends declines below the cloud, hits half-yearly lows at 2.1446 before edging higher to trade at 2.1537.

  • The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from there.

  • Technicals show no respite from bears, we see scope for test of 2.1340 and then 2.10 levels. Downside has also been supported by higher volumes.

  • Immediate support and resistance are seen at 2.1430 (June 8th lows) and 2.1704 (Dec 31st highs).

Recommendation: Good to sell rallies around 2.1560, SL: 2.17, TP: 2.1430/2.1390

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560

By FxWirePro Team