Category: GBPNZD
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FX Watch: NZD/JPY And GBP/NZD Could Reflect NZD’s Potential Rally After RBNZ’s Event!
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The Reserve Bank of New Zealand (RBNZ) is widely expected to cut interest rates this week! Our event guide to the RBNZ’s decision suggests there is scope for a 50 basis point rate cut from the central bank in October. But with traders already anticipating a rate cut for several…
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Chart Art: Trend Resistance Area For GBP/NZD
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Trend traders gather! The GBP/NZD pair could head into a downtrend as it struggles to record fresh September highs near a key resistance area. Will this extend the pair’s downtrend that has been going on for months? GBP/NZD currency pair on the 4-hour chart Chart by TradingView The New Zealand…