- GBP/NZD extends grind lower, breaks below support at 2.05651.
- The pair has at the moment pared some losses and is currently trading at 2.0676.
- No signs of reversal, Techs show scope for further downside, 2.0458 next likely bear target.
- Our call (http://www.econotimes.com/FxWirePro-GBP-NZD-likely-to-continue-grind-lower-target-20656-167429) has hit targets.
Recommendation: Lower trailing stop to 2.080, target 2.0460
The material has been provided by InstaForex Company – www.instaforex.com