Today, the Bank of England has decided to raise interest rates to combat inflation. In its recent report dated the 3rd of August, 2023, the BOE confirmed that it had raised interest rates to 5.25%, expecting that the inflation rates would drop to 2%.
NZD/USD wants to get into an old cage
2019-11-11 • Updated
TP1 0.7165 TP2 0.7265
On the daily chart, buyers managed to lead the pair outside of the short-term consolidation range and return them inside an uptrend channel. If they succeed, the risks of an uptrend resumption will increase. The recoil of diagonal resistance will allow expecting the test of resistance at 0.6963.
On H1, NZD/USD is realizing “Head and Shoulders” and “Shark” patterns. If the pair renews December high, it will create grounds for 88.6% of the “Shark” patterns.
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