Ransquawk

Recently we observe very strong reflection on the GBP/NZD. Up to now, it was caused by the strong pound, recently also the currency of New Zealand has weakened. The result is a solid response of demand along the growth trend line and local support.

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Interestingly, the diagram for the second time was repeated with a comparable correction, which reached just over 50% of the growth impulse. It seems that now demand should fight for breaking the high of March 21. If it works and the breakdown is comparable to the previous situation, the rate should also reach the maximum of 2017, ie the December peak at 1.9830.

 

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Ransquawk