The winners and losers last week
The New Zealand dollar was the top performer last week while the British pound lagged on Brexit fears.
This isn’t a chart I look at often but a look at the GBP/NZD weekly chart shows the strength in the pair early in the week as it hit a three month high and looked to be breaking out. But it was a headfake and the pair crashed down to a one-month low with a wicked bearish engulfing reversal. The bulls will need to hold the April low of 151.65.