GBPNZD Long Idea
GBPNZD has just seen a small sell-off towards the levels of 1.9495 however it appears that there has been some support formed here. If the BoE decides to raise interest rates then it's likely for GBPNZD to push forward and test the previous high of 1.97. As the Fed plans more rate hikes in 2022 it's possible for the UK to follow suit, which is why I'm bullish on pound pairs approaching the end of the week. The stop-loss area for this trade is located just below the bottom of the range at 1.93658.
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