The outlook is marginally bullish due to the establishment of a short-term uptrend but the charts are showing mixed signals so the bullish forecast is on the condition that the exchange rate can successfully break above the 1.9542 February 28 highs.
March 3,2019
The New Zealand Dollar was buoyed on Monday by a strong retail sales number for the final quarter of 2018, which comes just weeks ahead of crunch GDP growth figures due out in March that may be pivotal to whether the Reserve Bank of New Zealand (RBNZ) cuts its interest rate this year.
February 25,2019
The Pound-to-New-Zealand-Dollar rate is trading at 1.9058 Monday after closing 1.5% higher last week, and remains on course to challenge the January 25 high, which guards the pathway toward the 200-week moving average located around the 1.98 threshold.
February 25,2019
The Pound is sitting on a commanding 2.0% week-on-week advance on the New Zealand Dollar with a decent bump coming over recent hours courtesy of communications from the Reserve Bank of New Zealand.
February 22,2019
The New Zealand Dollar is on course for further gains during the quarters ahead, according to analysts at ASB Bank, who say the outlook for the Kiwi itself is solid but that the global economy poses a threat to the currency.
February 20,2019
The New Zealand Dollar is the G10 universe's best performing currency for the month of February but the Antipodean unit's strength won't last, according to analysts at RBC Capital Markets, who have told their clients they should prepare for a sudden reversal over the coming months.
February 19,2019
The technical outlook for the Pound vs. the New Zealand Dollar is now bearish, ever since the break below the 1.87 level confirmed the start of a new short-term downtrend.
February 18,2019
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