GBP/NZD

After breaking through a major trendline the GBP/NZD pair looks poised to extend higher and start a fresh bull trend.

The Pound to New Zealand Dollar is poised to break lower as the new week begins.

The Pound to New Zealand Dollar has been moving up all through 2017 but it is closing in on a significant level and the uptrend is about to encounter heavy resistance

 GBP/NZD has been in a steady short-term uptrend since the start of the year, rising from lows of 1.7000 to almost 1.8000.

The Pound is trading higher against the New Zealand Dollar after it followed through strongly to the upside after initially breaking out from its narrow triangulating range.

 Sterling is breaking out higher against the New Zealand Dollar (Kiwi) at the start of the new trading week.

The New Zealand Dollar (Kiwi) is expected to trade fairly solidly in 2017 as the Trade Balance re-rights itself and possibly moves back into positive territory.

GBP/NZD weakened on Wednesday after the triggering of Article 50 led to a sudden depreciation of the Pound.

From a technical perspective, the New Zealand Dollar looks more likely to strengthen against the Pound than the other way around despite the Pound’s recent short-term recovery rally.

 GBP/NZD is in consolidation mode as it oscillates sideways on higher time-frames

The New Zealand Dollar rose strongly after the release of Global Dairy Trade data released on Tuesday.

The GBP/NZD exchange rate is showing a triangle unfolding on the weekly chart; and we believe this could usher in a period of short-term weakness.

The New Zealand Dollar should maintain a positive bias on

GBP/NZD has declined in a long-term trend but over recent months it has started going sideways instead.

The New Zealand Dollar has fared weak of late, prompting traders to stalk it for a short-sell opportunity which could prove beneficial to the Pound.

 GBP/NZD was declining in a long-term trend but over recent months it has entered a sideways development.

 The New Zealand Dollar was the second-worst performer against the Pound on Wednesday March 1, with only the Canadian Dollar putting in a worse performance.

 GBP/NZD is forming a triangle with bearish connotiations on the weekly chart.

 The New Zealand Dollar moved slightly lower versus the Dollar and the Pound after the release of Global Dairy Trade (GDT) Prices on Tuesday.
GDT prices are fixed at a bi-weekly global auction of a variety of Dairy products, the largest of which is dried whole milk.

As we enter the new week, the GBP/NZD continues snaking sideways below the 50-day moving average which must be overcome if we are to see the early-February recovery extend.