GBP/NZD - Despite less aggressive action from the BoE yesterday to manage the housing market GBP/NZD found limited buyers
Chris Weston
Pepperstone
GBP/NZD - Despite less aggressive action from the BoE yesterday to manage the housing market GBP/NZD found limited buyers. This pair is interesting as both corresponding central banks are clearly the most hawkish in the G10 currency region. On the weekly chart GBP/NZD broke below the 2013 uptrend in March and fell 800 pips, before rebounding to 1.9933. A new uptrend has emerged, with the pair making a series of higher highs from March. A close tonight (i.e. a weekly close) below trend support at 1.9436 would be a clear negative and suggest a move to the March low of 1.9084. I will look at short trades on Monday if this materialises.
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Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market price action and advise on actionable trade ideas and investments in multiple asset classes.
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
Chris Weston
Head of Research
Pepperstone
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
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