as we can see here, after a strong up trending channel, the pound became weak and has been slowly consolidating downwards. it broke past the bottom trendline leading to a break out to the downside, once the break out has happened it then slowly started consolidating sideways and confirmed structure by creating a new support level. after it moved back up to the...
The British Pound vs. the New Zealand Dollar cross is one of the most volatile one among GBP pairs. The New Zealand Dollar is often viewed as a proxy for Chinese growth and thus have performed well against the Euro in recent years. But on the hand, the British Pound is one of the premier reserve currencies and represents the world's largest financial center.
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