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
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.
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.
