From a technical perspective we've got a hammer on the daily chart recently.
narrative wise i think the NZD narrative of the china reopening and the NZD rate advantage has moved over to the EUR so the NZD stronger story seems a little stale now.
correlations suggest higher, GBPNZD and EURNZD and closely correlated and is suggesting GBPNZD higher, rate differentials are higher as well which should help.
sentiment is suggesting higher as well.
Not trading/investment advise, feedback welcome!
narrative wise i think the NZD narrative of the china reopening and the NZD rate advantage has moved over to the EUR so the NZD stronger story seems a little stale now.
correlations suggest higher, GBPNZD and EURNZD and closely correlated and is suggesting GBPNZD higher, rate differentials are higher as well which should help.
sentiment is suggesting higher as well.
Not trading/investment advise, feedback welcome!
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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.