Automatic wave scan: as of 20 Oct 2026, the automatic daily count for GBP/NZD is Wave 5 up with a bullish bias. The count stays valid while price holds 2.2929.
Current GBP/NZD wave count
Automatic wave scan Updated daily from the latest daily close (20 Oct 2026). Computer generated from swing highs and lows, not reviewed by an analyst.
Automatic scan: price is in wave 5, the final leg of a five wave advance that began at 2.2819 on 3 Aug 2026. Next levels to watch are 2.3669 and 2.3757. The count fails on a daily close below 2.2929.
Key levels
| Type | Levels |
|---|---|
| Resistance | 2.3534 · 2.3545 |
| Support | 2.2929 · 2.3245 |
| Invalidation | 2.2929 |
What is GBP/NZD?
GBP/NZD links the pound with the smaller New Zealand dollar. Lower liquidity in the kiwi side means moves can be fast and large.
The pair is popular with experienced swing traders who want wide ranges, but spreads are wider than on major pairs.
What moves the GBP/NZD price?
- UK news: Pound moves on data and politics drive one side.
- RBNZ policy: Official Cash Rate decisions move the kiwi.
- Dairy and commodity prices: These affect New Zealand's export income.
- Global risk: Risk-off periods often lift GBP/NZD.
How GBP/NZD moves in Elliott Wave terms
GBP/NZD tends to produce strong trends with deep corrections. Its waves are clearer on daily and 4-hour charts than on small timeframes, where noise is higher.
Watch for extended fifth waves near the end of strong trends.
Tips for counting GBP/NZD waves
Account for wider spreads. Avoid trading during the quiet late New York hours when liquidity is thin.
GBP/NZD key facts
GBP/NZD Elliott Wave FAQ
Is GBP/NZD a major pair?
No. It is a cross with lower liquidity and wider spreads than major pairs.
Why does GBP/NZD move so much?
The kiwi is a smaller currency and the pound reacts strongly to UK news, so combined moves are large.
Which timeframe works best for GBP/NZD?
The daily and 4-hour charts usually show cleaner wave structure.
Sources and further reading
- BIS Triennial Central Bank Survey of foreign exchange turnover (Bank for International Settlements)
- Monetary Policy Summary (Bank of England)
- Official Cash Rate (Reserve Bank of New Zealand)
Educational content only. Nothing on this page is financial advice or a recommendation to buy or sell. Trading involves risk and you can lose money. Elliott Wave counts are probabilities, not certainties. Read our full disclaimer and affiliate disclosure.
