GBPNZD - Bullish Bias
GBP - Weak Bullish
1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way.
NZD - Weak Bearish
1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market.
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Technical
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Buy opportunity for GBPNZD if the price retrace at support first.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ BOE Chief Economist Huw Pill says that the current strength of inflation appears to be proving to be more durable than initially expected and the BoE plans to release asset purchase stocks in the best possible way.
NZD - Weak Bearish
1️⃣ The expectation of an interest rate hike is already expected. Not surprising the market.
=====
Technical
=====
Buy opportunity for GBPNZD if the price retrace at support first.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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