NZD/GBP and Close Price Forecast

At 0.7088 and a rising line, the NZD showdown is on the way as ranges compress by the week.

A lower NZD automatically assists to a drop in non USD currencies GBP/USD, EUR/USD and AUD/USD. Required for an NZD/USD drop is NZD/CAD breaks 0.9091, NZD/CHF 06367 and NZD/JPY must clear its 10 year average at 75.46. NZD/USD is following NZD/CAD to trade in tight 200 pip ranges while NZD/JPY remains in severe overbought territory.

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GBP/USD next above confronts 1.4300 and the 10 year average at 1.4438 while massive overbought GBP/JPY remains confined between 5 and 10 year averages at 142.40 to 148.29. Both GBP/USD and GBP/JPY as GBP drivers force GBP/NZD, GBP/CAD and GBP/CHF into stratospheric overbought and untouchable as long trade currencies. Short GBP currencies are the only trade strategies available especially to GBP/USD‘s 900 pip rise in the past 3 months from 1.3100’s to 1.4000s.

Close Prices Forecasts

EUR/USD 1.2082

EUR/JPY 127.22

EUR/CAD 1.5408

EUR/NZD 1.6799

EUR/AUD 1.5548.

[fx-article-ad]GBP

GBP/USD 1.3921

GBP/JPY 146.56

GBP/CHF 1.2453

GBP/CAD Doesnt matter, short anywhere

GBP/NZD 1.9223

GBP/AUD 1.7818

AUD

AUD/USD 0.7776

AUD/JPY 81.95

AUD/CHF 0.6956

AUD/CAD 0.9877

NZD/USD

NZD/USD 0.7224

NZD/JPY 76.16

NZD/CHF 0.6437

NZD/CAD 0.8142

USD/CAD 1.2704

USD/JPY 105.18