GBP/NZD Post Brexit Hike?
I've been reading about the Brexit deal. Pick one winner...UK or EU? Right now I would say UK...seems like since the deal closed the GBP has gained strength. I'm sure the UK is happy about leaving the EU partnership. They can operate on their own terms and trade tax free and without quota.
"The agreement between the EU and UK on a new partnership sets out the new rules that apply as of 1 January 2021 in the relationship between the EU and the UK. It covers areas such as:
trade in goods and services;
a level playing field;
fisheries;
aviation and road transport;
social security;
UK participation in EU programmes;
internal security." (website)
None of my analysis are fact. I do believe that the UK will eventually get stronger with the Brexit deal being done. Yet, it will take some time. My technical analysis tells me that price may drop a little more into the support zone (1.86-1.82) before it tests 50%-61.80% retracement of the previous high of the 2.0's (1.96-1.94) and price did hit this range last August. Price broke the current resistance zone in April of '20 and shot back down to the current support zone.
Somebody tell me why it wouldn't test the most recent high at some point? Boris Johnson might be related to Magic Johnson the way he may pull this off for the UK!
"The agreement between the EU and UK on a new partnership sets out the new rules that apply as of 1 January 2021 in the relationship between the EU and the UK. It covers areas such as:
trade in goods and services;
a level playing field;
fisheries;
aviation and road transport;
social security;
UK participation in EU programmes;
internal security." (website)
None of my analysis are fact. I do believe that the UK will eventually get stronger with the Brexit deal being done. Yet, it will take some time. My technical analysis tells me that price may drop a little more into the support zone (1.86-1.82) before it tests 50%-61.80% retracement of the previous high of the 2.0's (1.96-1.94) and price did hit this range last August. Price broke the current resistance zone in April of '20 and shot back down to the current support zone.
Somebody tell me why it wouldn't test the most recent high at some point? Boris Johnson might be related to Magic Johnson the way he may pull this off for the UK!
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