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GBP/NZD hits fresh half-yearly lows at 2.1298, downside accelerating as we write.
- The pair has been trading a falling wedge, has hit wedge top resistance at 2.1997 and retraced from there.
- Brexit worries continue to weigh on the sterling, while the Kiwi stands supported on a rebound in commodity prices.
- Our call on the pair (http://www.econotimes.com/FxWirePro-GBP-NZD-edges-higher-from-half-yearly-lows-at-21446-further-weakness-on-charts-163304) has hit targets.
Recommendation: Book partial profits, lower trailing stops to 2.1570, TP: 2.1100
