GBP/NZD declined on Thursday as commodity-linked New Zealand dollar gained on hopes that major producers would agree to cut output.
• The pair fell to a low of 2.0510 in US trading and was last down 0.32% on the day at 2.0530 at GMT 17:01.
• The pair is approaching to test the 2.0501 support zone, a close below this region could turn the outlook more bearish for the pair.
• Technical signals show bearish momentum , the 5 DMA and 21 DMAs trend south, while RSI is heading south at 49.