GBP/NZD appears to be resuming its short-term downtrend after temporarily pulling back up to 1.7400 - and it has now moved down to support at 1.7000.
Read more … →Expect further NZD strength say analysts at Westpac Bank.
Read more … → The GBP/NZD has a bearish technical bias after breaking below the trendline for the move up from the mid-Jan lows.
Read more … →Expectations for an interest rate rise at the Reserve Bank of New Zealand have been brought forward on the back of data showing inflation is rising at a faster-than-expected rate.
Read more … →There is little to obstruct a continuation of the young uptrend higher until you reach the S1 monthly pivot at 1.7520 and the 50-day MA in the 1.7580s.
Read more … →We remain cautiously bullish and a break above the 1.7310 level would probably signal a continuation higher.
Read more … →