New Zealand Dollar Sold on 'Restrained' RBNZ Hike

The RBNZ is all but assured to raise interest rates midweek, but only an aggressive hike will be enough to deliver gains in the New Zealand Dollar strategists say.

Don't look for a New Zealand Dollar rally in 2022 shows research from global lender and investment bank HSBC.

The trend is unclear but GBP/NZD looks weak short-term.

The Pound to New Zealand Dollar rate is trading at around 1.9020 at the time of writing after rising 0.42% in the week before, studies of the charts suggest the overall bias remains to the downside in the week ahead.

The year ahead could prove to be something of a game changer for the Kiwi Dollar if the latest forecasts from CBA are borne out.

GBP/NZD is in a short-term downtrend but has now reached a major long-term trendline and there may be a near-term bounce off this level.