New Zealand Dollar Forecast

GBP/NZD technical setup constructive, further upside possible.

GBP/NZD short-term momentum positive, initial targets identified.

The New Zealand Dollar will be one of G10 FX's "poster boys" for 2024, according to a new analysis.

The Pound to New Zealand Dollar exchange rate is in the process of unwinding the weakness that characterised the final quarter of 2024, but it is too soon to suggest a meaningful rally is underway.

The New Zealand Dollar is set to embark on a recovery against the U.S. Dollar in 2024 according to research from one of New Zealand's biggest financial institutions.

Downside momentum is building and threatens to take the Pound to New Zealand Dollar exchange rate to its lowest level since May over the coming week.

The New Zealand Dollar has lost an opportunity to press fresh multi-month highs against both the Pound and U.S. Dollar and a loss of momentum in what will be a busy week for global FX risks a setback.

One of the world's oldest independent research houses says the New Zealand Dollar "faces a much bigger risk of a decline in 2024" as the economy "is primed for recession".

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The New Zealand Dollar is the best-performing major currency in the midweek session as it looks set to extend a month-long period of outperformance.

GBPNZD eyes test of 2.0266, NZDUSD: Westpac bullish this week.

GBPNZD locked in tight range, NZDUSD is constructive, RBNZ is this week's highlight.

The New Zealand Dollar sees a solid start for the new week in sympathy with rising Chinese equity markets, and with little on the U.S., Chinese or New Zealand calendars, further gains can remain possible.

GBPNZD could test 2.10 this week if UK domestic data doesn't disappoint and global risk sentiment sours, but technical studies point to a greater likelihood the pair edges lower over the coming days.

One of New Zealand's most prominent banks says the New Zealand Dollar has likely passed its lows, and improved valuations for NZD sellers beckon over the coming months.

The Pound to New Zealand Dollar exchange rate has come back under pressure and is at risk of further weakness, particularly if Chinese data beats expectations this week and helps extend a recent equity market rebound.

GBPNZD rebound is put on ice, but too soon to predict an outright decline.

GBPNZD short-term outlook is constructive, but NZD could benefit on any global sentiment improvement.

GBPNZD can continue to stay supported above the 2.0275 level over the coming days as a 'relief' rally looks to extend further, however, data out of China could boost the Kiwi if it confirms a pickup in activity is underway.

Pound Sterling is now impressively oversold against the New Zealand Dollar and we continue to look for a correction, but an important meeting of the Reserve Bank of New Zealand risks spurring the GBP/NZD exchange rate through the 2.0% if a 'hawkish' tone is struck.

GBPNZD can consolidate following a period of losses that have left it deeply oversold.