The trend is unclear but GBP/NZD looks weak short-term.

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Don't look for a New Zealand Dollar rally in 2022 shows research from global lender and investment bank HSBC.

The Pound to New Zealand Dollar rate is trading at around 1.9020 at the time of writing after rising 0.42% in the week before, studies of the charts suggest the overall bias remains to the downside in the week ahead.

GBP/NZD is in a short-term downtrend but has now reached a major long-term trendline and there may be a near-term bounce off this level.

GBP/NZD is in a short-term downtrend that is expected to extend to at least 1.90.

The Pound-to-New Zealand Dollar rate is trading at around 1.9219 at the time of writing after falling 1.00% in the week before. Studies of the charts suggest the pair will continue falling in line with the dominant downtrend.