GBP/NZD dropped more than 250 pips after the Reserve Bank of New Zealand (RBNZ) held its official cash rate (OCR) unchanged with no likely alterations during the year 2019 and 2020. Traders now await RBNZ Governor Adrian Orr’s press conference for fresh impetus. The four hour chart shows an upward sloping trend-line connecting January and February lows, at 1.0800, to be the next major support for the pair. Should the pair slides under 1.8800, 1.8600 and 1.8380 are likely following numbers to flash on bears’ radar. On the upside, a descending resistance-line at 1.9170 can keep limiting the pair’s immediate advances, a break of which may trigger the pair’s recovery towards 1.9300 and then to the January high near 1.9425. In case buyers’ dominate past-1.9425, the 61.8% Fibonacci expectation of its December – February moves, at 1.9560, gain market attention. GBP/NZD 4-Hour chart GBP/NZD Overview:     Today Last Price:  1.896     Today Daily change:  -177  pips     Today Daily change %:  -0.92%     Today Daily Open:  1.9137 Trends:     Daily SMA20:  1.9108     Daily SMA50:  1.8876     Daily SMA100:  1.9167     Daily SMA200:  1.9278 Levels:     Previous Daily High:  1.9173     Previous Daily Low:  1.9074     Previous Weekly High:  1.9247     Previous Weekly Low:  1.8757     Previous Monthly High:  1.9427     Previous Monthly Low:  1.8603     Daily Fibonacci 38.2%:  1.9135     Daily Fibonacci 61.8%:  1.9112     Daily Pivot Point S1:  1.9083     Daily Pivot Point S2:  1.903     Daily Pivot Point S3:  1.8985     Daily Pivot Point R1:  1.9182     Daily Pivot Point R2:  1.9227     Daily Pivot Point R3:  1.9281  FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD Technical Analysis: Tests falling trendline hurdle ahead of RBNZ Governor Orr’s presser FX Street 3 years GBP/NZD dropped more than 250 pips after the Reserve Bank of New Zealand (RBNZ) held its official cash rate (OCR) unchanged with no likely alterations during the year 2019 and 2020. Traders now await RBNZ Governor Adrian Orr's press conference for fresh impetus. The four hour chart shows an upward sloping trend-line connecting January and February lows, at 1.0800, to be the next major support for the pair. Should the pair slides under 1.8800, 1.8600 and 1.8380 are likely following numbers to flash on bears' radar. On the upside, a descending resistance-line at 1.9170 can keep limiting the pair's immediate… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
