GBP/NZD: Dovish RBNZ to underpin further advances – DBS Bank
- ByFXStreet-
GBP/NZD is recovering from a recent 1.8713 low and appears to be pushing higher on a near-term bullish falling wedge pattern. The cross faces the risk
Symbol | Exchange | Currency |
|---|
GBP/NZD is recovering from a recent 1.8713 low and appears to be pushing higher on a near-term bullish falling wedge pattern. The cross faces the risk
The New Zealand dollar is following in the footsteps of the risk-sensitive currencies that were pounded on Tuesday.
GBPAUD and GBPNZD cross pairs may have a completed five-wave bearish cycle that can be followed by a three-wave A-B-C corrective pullback.
Type | 5 Min | 15 Min | Hourly | Daily | Monthly |
|---|---|---|---|---|---|
| Moving Averages | Sell | Strong Sell | Strong Sell | Neutral | Sell |
| Technical Indicators | Strong Sell | Strong Sell | Strong Sell | Buy | Sell |
| Summary | Strong Sell | Strong Sell | Strong Sell | Neutral | Sell |
Pattern | Timeframe | Reliability | Candles Ago | Candle Time | |
|---|---|---|---|---|---|
| Completed Patterns | |||||
| Three White Soldiers | 1M | 4 | Jan 22 | ||
| Engulfing Bearish | 1D | 7 | May 11, 2022 | ||
| Three Outside Down Bearish | 1H | 15 | May 20, 2022 13:00 | ||
| Engulfing Bearish | 1H | 16 | May 20, 2022 12:00 | ||
| Three Black Crows | 1M | 23 | Jun 20 | ||
Time | Cur. | Imp. | Event | Actual | Forecast | Previous |
|---|---|---|---|---|---|---|
| Sat, May 21, 2022 | ||||||
| 03:30 | GBP | -79.20K | -79.60K | |||
| 03:30 | NZD | -17.80K | -13.00K | |||
Bank of England(BOE) | ||
| Current Rate | 1.00% | |
| Chairman | Andrew Bailey |
| Current Rate | 1.50% | |
| Chairman | Graeme Wheeler |