Analysis of the New Zealand pound pair

At the economic level

The pound news pair rose in light of the scarcity of economic data from New Zealand today, and we are waiting for growth data from Britain tomorrow, and forecasts indicate declines from 0.4% to 0.1%.

At the technical level

The New Zealand pound pair rose today near the levels of 2.2720, as the pair approached the upper limit of the ascending price channel and also the upper limit of the ascending wedge on the weekly frame, the pair also completed the harmonic Crab model, from which we expect a pullback for the pair to target the levels of 2.2400 and then the levels of 2.2000.

It is preferable to wait for any price action with reflective candles on smaller time frames (four hours or an hour).

This scenario fails if the 2.2800 levels are breached.