GBPNZD: NZ$ 'Strikes Back' + O.K. China + 61.8% Fib Rejected

GBPNZD

Observations
1)China released O.K. macro which translates into stronger 'Kiwi' as almost 50% export from New Zealand just head to one single market; the Chinese.

2)Let's think the 61.8% Fib was rejected, then we start a move lower as the GBP$ appreciated too much too fast and at the beginning of 2018 that was decent profits that smart money managers are going to take off the table.

3)Watching stronger NZDUSD and sometimes it does translate in lower proxies as GBPNZD and the commodity cross AUDNZD which is moving +80-pips for the Kiwi.

"Never risk the house for pennies."
José Ricaurte Jaén :)