FxWirePro: GBP/NZD hits fresh multi-year lows, 2.0458 next likely target for bears

GBP/NZD extends grind lower, breaks below support at 2.05651.

• The pair has at the moment pared some losses and is currently trading at 2.0676.
   
• No signs of reversal, Techs show scope for further downside, 2.0458 next likely bear target.
   
• Our call (http://www.econotimes.com/FxWirePro-GBP-NZD-likely-to-continue-grind-lower-target-20656-167429) has hit targets.

Recommendation: Lower trailing stop to 2.080, target 2.0460