GBPNZD Analysis
GBPNZD is breaking the higher low level of the Ascending channel in the 4-hour timeframe chart.
After the confirmation of downward movement, GBPNZD sell signal given.
GBPNZD reached the take profit target successfully.
UK Pound: The UK agreed to France for issuing licenses
GBPUSD makes rallying after Britain ready to issue permits to French Fishermen to use British waters for fishing.
And Northern Ireland to receive Euro 920 million from the EU to solve the risks of Post Brexit deal.
So now the UK is compromised with France, UK with EU is on the air, whether good results will push further UK Pound to move higher.
And December Meeting of the Bank of England made hawkish comments which boosted UK Pound.
So Now all eyes waiting for the Bank of England monetary policy meeting and Retail sales data.
New Zealand Dollar: Housing sector elevated shows risks in NZ economy
New Zealand Dollar reached a support zone of 0.6750 area after falling from 0.7200 area in 2 months.
And RBNZ will continue to deliver five rate hikes by the end of 2022 and keep OCR to 2.00% as forecasted.
Elevated housing prices, more leveraging for Housing loans, and the China Evergrande crisis will make New Zealand Dollar weak in the coming months.
The next RBNZ meeting will be in February Until New Zealand Dollar keeps weakness against US Dollar.
The US Dollar keeps its appreciation as the Omicron variant shows less deadly against the Delta variant.
New Zealand Dollar makes cautious Domestic data stronger, and the Weaker Housing sector leverages.
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