GBPNZD - Bearish Bias
GBP - Weak Bearish
1️⃣ The Bank of England kept its interest rate unchanged at 0.1% in its June 2021 meeting with an 8-1 majority voting to leave its bond-buying program unchanged, similar to market forecasts.
2️⃣ Coronavirus cases in UK rise to 24,248 with 15 more deaths have been reported in the country.
CAD - Strong Bullish
1️⃣ CAD has been supported by rising crude oil prices.
2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions.
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Technical
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We are selling the GBPNZD at SBR + at the pivot point on the H1 chart.
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Risk to this trade
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Any change in sentiment could turn the pair's direction.
1️⃣ The Bank of England kept its interest rate unchanged at 0.1% in its June 2021 meeting with an 8-1 majority voting to leave its bond-buying program unchanged, similar to market forecasts.
2️⃣ Coronavirus cases in UK rise to 24,248 with 15 more deaths have been reported in the country.
CAD - Strong Bullish
1️⃣ CAD has been supported by rising crude oil prices.
2️⃣ The Bank of Canada has been one of the first developed country banks to announce a tapering in its QE program as the bank adapts to improving domestic economic conditions.
=====
Technical
=====
We are selling the GBPNZD at SBR + at the pivot point on the H1 chart.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Trade active
Trade closed: stop reached
❌ TRADE HAS HIT STOP LOSS-30 PIPS
GBP has benefited from expectations for PM Johnson to announce the lifting of lockdown restrictions later today.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.