GBPNZD hits the major higher low area in the higher timeframe weekly chart. In the smaller time frame 30-minutes chart, GBPNZD has reached the higher low area of the ascending channel line. After the confirmation of Upward movement GBPNZD buy signal given. GBPNZD reached the take profit target successfully.
UK Pound: UK Economy not much affected if Russia Bans Oil Exports
GBPUSD printed 2022 fresh lows at 1.3190 area amid global tensions of Russia and Ukraine War. And 12 days of War did not come to an end, and UK Pound was little suffering due to Natural gas and Oil contributions little from Russia. And the UK has diversified the Energy imports from Various countries. So Banning Russian Oil imports does not much affect UK Economy, But Global oil prices increasing makes Energy inflation soaring in the UK.
New Zealand Dollar: RBNZ tightening Monetary policy settings to control the inflation
New Zealand Dollar eyes for 0.7000 area this week as Analysts expected, RBNZ has done 75 basis points rate hikes in last five months. Commodity prices surging makes New Zealand Dollar soaring to higher and RBNZ tightening in every meeting to control inflation reading is more support for New Zealand Dollar. Friday NFP data printed Positive numbers, but nothing could affect the prices of NZDUSD.
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