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Forex: GBP/NZD hits fresh multi-year lows circa 1.8350

With Kiwi at current 0.8454, off fresh weekly highs at 0.8466, just 30 pips shy of fresh 11-month highs, in the highs area since early 1980s, and with Cable last at 1.5540, off fresh 6-month lows at 1.5522, cross GBP/NZD printed fresh multi-year lows at 1.8344, breaking below previous Feb 05 lows at 1.8481 on both Pound weakness and Kiwi strength.

Following a series of bad data for the UK, today with BoE inflation report and yesterday's UK CPI figures, Cable has tumbled below the 1.5550 mark, down already almost -4% since 2013 started, taking down with it the NZD cross, printing fresh lows below previous multi-year lows at 1.8542 from Aug 2011.

Pound is weakest currency among majors in last 3 trading days, even weaker than Yen, while Kiwi is strongest one, stronger than Euro or Aussie. Recent NZ business manufacturing index just released, showed best data in last 8 months at 55.2.

Immediate support for GBP/NZD lies at recent session and multi-year lows 1.8350/44 with no reference in charts below it since year 2005, while to the upside, closest resistance comes at overnite London session/Feb 01 lows 1.8464, followed by yesterday's and year 2011 lows at 1.8546, and Feb 05 highs at 1.8728.

Forex: AUD/USD - break of 1.0360 a potential trend-shifting event

The AUD/USD has developed another leg higher, one that may represent the straw that break's the camel's back for the interest of sellers. The clean break above 1.0360 in thin market conditions exposes further upside now, with the downtrend structure distorted after the Feb 8 upswing at 1.0350 and Feb 1 resistance at 1.0360 both are out of the way.
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Forex: GBP/USD, break below 1.5250 to accelearte bear trend - FXWW

The bear trend in GBP/USD continues its incessant fall, and Tuesday's false break lower did little to put off committed sellers, who resumed cable's liquidation to now approach round number 1.55.
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