GBP/NZD currency pair from both technical and fundamental perspectives:
Technical Analysis:
- GBP/NZD is currently trading in a downtrend.
- Key data points:
- 1-day change: -0.08%
- 5-day change: +0.17%
- 1-month change: +1.61%
- 6-month change: +2.64%
- Year-to-date change: +4.67%
- 1-year change: +6.89%
- 5-year change: +9.47%
- Moving Averages:
- MA5: 2.1109 (Sell)
- MA10: 2.1112 (Sell)
- MA20: 2.1110 (Sell)
- MA50: 2.1117 (Sell)
- MA100: 2.1090 (Buy)
- MA200: 2.1051 (Buy)
- Pivot Points:
- Resistance 1: 2.1111
- Resistance 2: 2.1117
- Resistance 3: 2.1122
- Support 1: 2.1089
- Support 2: 2.1095
- Support 3: 2.1100
Fundamental Analysis:
- GBP/NZD has been influenced by several factors:
- Higher Returns Abroad: Cash seeking higher returns has moved into economies offering higher-yielding assets, benefiting countries like New Zealand.
- Fed's Asset Purchase Scaling Back: The Fed's reduction in asset purchases, combined with slower growth in China, may impact the four-year trend and reveal fundamental weaknesses.
Technical Analysis:
- GBP/NZD is currently trading in a downtrend.
- Key data points:
- 1-day change: -0.08%
- 5-day change: +0.17%
- 1-month change: +1.61%
- 6-month change: +2.64%
- Year-to-date change: +4.67%
- 1-year change: +6.89%
- 5-year change: +9.47%
- Moving Averages:
- MA5: 2.1109 (Sell)
- MA10: 2.1112 (Sell)
- MA20: 2.1110 (Sell)
- MA50: 2.1117 (Sell)
- MA100: 2.1090 (Buy)
- MA200: 2.1051 (Buy)
- Pivot Points:
- Resistance 1: 2.1111
- Resistance 2: 2.1117
- Resistance 3: 2.1122
- Support 1: 2.1089
- Support 2: 2.1095
- Support 3: 2.1100
Fundamental Analysis:
- GBP/NZD has been influenced by several factors:
- Higher Returns Abroad: Cash seeking higher returns has moved into economies offering higher-yielding assets, benefiting countries like New Zealand.
- Fed's Asset Purchase Scaling Back: The Fed's reduction in asset purchases, combined with slower growth in China, may impact the four-year trend and reveal fundamental weaknesses.
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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.
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.