🧾 : WHY IS GBPNZD GOING DOWN? Economic indicators such as GDP growth, inflation rates, and employment figures can significantly impact the value of a currency. If the United Kingdom's economic data is weaker than expected or lags behind that of the United States, it can lead to a decrease in the GBP/USD exchange rate Central bank policies play a crucial role in currency movements. When the Bank of England lowers interest rates or adopts a dovish stance compared to the U.S. Federal Reserve, it can lead to a depreciation of the British pound relative to the U.S. dollar.
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Bearish Break 1.23100 Area Reasons
Major Turn level Weak Low Breaker / BoS inner trend Visible Range HVN Liquidity Fib Golden Quarter's Area
Bullish Reversal 1.19500 - 1.18000 Area Reasons
Major Turn level / D inner Trend Chcoh Area Fixed Range Visible range Lvn ESL
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