Why Stay Long?
📌 UK Strength:
GDP growth remains stable, showing resilience in economic activity.
Inflation concerns could keep the Bank of England from easing too soon, supporting GBP.
Industrial production and business sentiment remain positive.
📌 NZ Weakness:
Retail spending has been declining, signaling weaker consumer confidence.
Business PMI remains in contraction territory, showing economic slowdown.
The RBNZ's cautious stance suggests limited upside for NZD.
With these factors still in play, I’m holding the position and managing risk accordingly. Watching key resistance levels for an exit.
#Forex #GBPNZD #SwingTrading
📌 UK Strength:
GDP growth remains stable, showing resilience in economic activity.
Inflation concerns could keep the Bank of England from easing too soon, supporting GBP.
Industrial production and business sentiment remain positive.
📌 NZ Weakness:
Retail spending has been declining, signaling weaker consumer confidence.
Business PMI remains in contraction territory, showing economic slowdown.
The RBNZ's cautious stance suggests limited upside for NZD.
With these factors still in play, I’m holding the position and managing risk accordingly. Watching key resistance levels for an exit.
#Forex #GBPNZD #SwingTrading
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.
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.