NZD Cash rate unchanged and pair GBP/NZD dropped 500 pips(1 min read)

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New Zealand kept the Cash rate unchanged and the pair GBP/NZD dropped for a nice 500 pips. Now it is testing the april lows and price closed past that. Technically I am looking for at least another 625 pips drop lower into a more important monthly trend channel low. Before it will retrace.

Chart_GBP_NZD_2 Hours_snapshot-20160609-500pips

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Wilco van Boxtel

Wilco van Boxtel

Wilco van Boxtel is an award winning, internationally recognized trader. With over 20+ years of trading experience. Branded for consistent results, Van Boxtel trades Forex, Futures, Options and Crypto currencies; containing of multiple markets and assets including the Euro and the American Dollar, Oil, Gold and Bitcoin.

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