Free Trial

To clarify, after GBPNZD tested the water.....>

FOREX
FOREX: To clarify, after GBPNZD tested the water below trend line support from
the Dec 12 low on Friday (see MNI ANALYSIS: GBPNZD Challenging Trendline Support
e-mail at 12:30 GMT 02/01), the rate ultimately closed back above the key
support. Key trendline support moves to NZ$1.8909 today. Failure to make a
convincing break could see a short-term recovery towards the 38.2% retracement
level at NZ$1.9020.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.