GBP/NZD bulls have solidly been in control for the past few weeks. According to our technical and fundamental analysis, the GBP/NZD pair might continue to rise in the medium term. The RSI oscillator is still above 50. Moreover, the price has already reached EMA 50 and EMA 200 on the daily chart and weekly chart. These are clear reasons that the uptrend will continue on this pair.
The most important data of this week:
New Zealand CPI QoQ (+0.7% expectation); (+0.4% previous)
YoY (+1.7% expectation); (+1.5% previous)
UK Unemployment rate (+4.00% expectation); ( +4.00% previous)
Employment Change (+11K expectation); (+3K previous)
UK CPI MoM (+0.3% expectation); (+0.7% previous)
YoY (+2.3% expectation); (+2.7% previous)