Forex: GBP To NZD - Weekly Trade Idea On British Pound To New Zealand Dollar (GBP/NZD)

Economic Calendar For July 21st. EUR/USD And GBP/USD - Trading Ideas

Summary:

  • NZD Consumer Price Index is due to be released on the 21st of April.
  • Forecasters are predicting the data to be up about 0.6% from the previous
  • Overall trend recently has been to the downside on the pair

Week: 18-22.04.2022

NZD CPI - Consumer Price Index (Inflation Rate)

NZD Consumer Price Index is due to be released on the 21st of April. Forecasters are predicting the data to be up about 0.6% from the previous, there are very bullish forecasts for the NZD which may see this chart and trading idea retrace perfectly


 

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Key Levels:

  • Resistance 1.93500
  • Support 1.91000

Trend GBP/NZD. Bearish GBP To NZD

Overall trend recently has been to the downside on the pair, but given the strength in the upside pushes recently I think we are going to witness a trend changing movement.


 

For you: Forex Rates: British Pound (GBP) Strengthening? Weak (EUR) Euro? GBP, NZD And AUD Supported By Monetary Policy?


 

Call to Action/Trade Idea

Wait for price to retrace back down to the local demand area, watch for a confirmation on the lower time frames and then push higher to the 1.96 mark.

NZD Consumer Price Index is due to be released on the 21st of April. Forecasters are predicting the data to be up about 0.6% from the previous, there are very bullish forecasts for the NZD which may see this chart and trading idea retrace perfectly - 1

Economic Calendar For July 21st. EUR/USD And GBP/USD - Trading Ideas

Saul Lokier

Saul is a professional Forex Trader for over 10 years.

Characterized by a simple approach to trading

He manages funds for International Forex Funds, as well as personal accounts.

He is the former Head Trader at FXsmartrader Academy.

In addition, he performs as General Manager and Portfolio Manager at The5ers Fund.