GBPNZD-correction or trend change starting?

FX:GBPNZD   British Pound/New Zealand Dollar
3836 6 22
Not much to say, according to this monthly analysis this pair is at key level.
If the the rate news helps we could see the start of a strong pullback/trendchange.
Be prepared to entry because this pair does not wait anybody.

Best regards.
IvanLabrie PRO
2 years ago
This is one wild pair.
GBP has pending upside in my opinion, and gold and nzd pending downside.
It might correct but then it'll head up again is what I think.
FullTimeTrader IvanLabrie
2 years ago
Im think the contrary, GPB will start a decline next days, NZD will recover. Lets see what happens. I found a killer setup on GBPJPY that may confirm that all GBP pairs rallies are finished.
RobbyWestHouston FullTimeTrader
2 years ago
I agree with you... NZD pairs are in a bottom zone... GBP pairs are all in a topping zone... GBPJPY is getting ready to fall to around 150 or below... my opinion...
Jeff_Wheelwright RobbyWestHouston
2 years ago
Many major banks are now predicting 3-4 more rate cut this year, to 2.25% finally and more next year. We're far from THE BOTTOM in my opinion:
+1 Reply
IvanLabrie PRO FullTimeTrader
2 years ago
Seen it, but will take a while to develop.
Impulses look unfinished in all GBP pairs, and yes, all look like very violent monthly C's of larger flats.
2 years ago
I think with the poor dairy auction prices, RBNZ is going to be under more pressure to ease rates (number of farmers are really hurting), combined with Carney talking about UK rates rises, I think this pair is in for more of a wild ride. Given the speed at which NZD has weakened, I think there will be a pause at 2.30-40 for a while before we see a push higher. Will have to wait and see!
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