FullTimeTrader
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GBPNZD-correction or trend change starting?

FX:GBPNZD   British Pound / New Zealand Dollar
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66
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.

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+11 Reply
biz21 Buluku
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biz21 Buluku
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Buluku biz21
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Awesome
+5 Reply
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!
+5 Reply
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+3 Reply
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+2 Reply
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.
+2 Reply
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