The UK pound continue to bleed against most currencies, including the NZ dollar. Monday's drop has been one of the steepest in the past several months. The fall is likely to go on until perhaps the new British PM Johnson or his cabinet ministers soften up their approach to a no-deal Brexit scenario. Under the current circumstance though, the pair price is heading down for the lower band of the descending channel, well below the 20 MA. 1.8440 seems to be the target for the rest of the day, and still below we will be following 1.8370, near the lower band.