The Pound may rise against the New Zealand Dollar over the short-term because charts are showing the formation of a bullish set-up.
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GBP/NZD potentially completing a triangle pattern which will probably breakout soon but there is uncertainty as to whether the break will be higher or lower.
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The New Zealand Dollar crumbled Thursday after the Reserve Bank of New Zealand (RBNZ) told markets that Kiwi interest rates will remain at their current record lows for longer than even t…
Read more … →Technical conditions and the potential for disappointment at this week's RBNZ meeting are creating the perfect conditions for a possible broad decline in the new Zealand Dollar.
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GBP/NZD is oscillating within a narrow range in a week when there is plenty of potential for volatility with the pair having formed a compelling triangle pattern which will probably breakout soon. …
Read more … →The New Zealand Dollar weakened into the London session Wednesday after a mixed second-quarter labour market report failed to provide the Kiwi currency with inspiration for another move higher.
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The New Zealand Dollar rose broadly at the beginning of the new week and will continue to rise over coming days, according to strategists at Australia & New Zealand Banking Group, although a ne…
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