By IFCMarkets
Rising food prices in New Zealand bearish for GBPNZD
Food prices rose in New Zealand in March: the food price index rose 0.7% after no change February. At the same time, retail sales fell in UK: same-store retail sales fell 3.5% in March after 0.4% decline in February. These developments are bearish for GBPNZD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 2.0703 |
| Stop loss | Above 2.0840 |
Market Analysis provided by IFCMarkets