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Rally in GBP/NZD Puts Cross in Close Proximity to Bull Trigger

NZD
  • With pervading NZD weakness, cross/NZD is running close to recent highs, with GBP/NZD in particular now trading in close proximity to both the psychological 2.00 handle as well as the bull trigger at 2.0069 (late July high).
  • If topped, the cross would trade at the highest levels since August 2020, with 2.0272 the next upside level.

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