Pair
GBPNZD
WAITPrice is mid-range.
Price
2.29067
-0.57% this week
Macro side
LONG
gap 1.389
1Y position
44.2%
2.24000 – 2.35455
10Y position
90.6%
NEUTRAL
The entry window stays open while price is below 2.28009. 2.31446 marks where the gap is considered priced in — a natural profit-taking area, not a forecast.
What would change this
Catalysts
The ranking recomputed assuming one central bank moves its rate path. Arithmetic on the inputs, not a forecast of how price reacts.
BoE · next decision 2026-09-17 (42d)
| Scenario | New gap | Side | Effect |
|---|---|---|---|
| Hikes 50bp | 2.022 | LONG | Signal holds |
| Hikes 25bp | 1.755 | LONG | Signal holds |
| Holds, tone unchanged | 1.389 | LONG | Signal holds |
| Signals a cut | 1.056 | LONG | Signal holds |
| Cuts 50bp | 0.851 | LONG | Signal holds |
RBNZ · next decision 2026-08-19 (13d)
| Scenario | New gap | Side | Effect |
|---|---|---|---|
| Hikes 50bp | 0.905 | LONG | Signal holds |
| Hikes 25bp | 1.112 | LONG | Signal holds |
| Holds, tone unchanged | 1.389 | LONG | Signal holds |
| Signals a cut | 1.801 | LONG | Signal holds |
| Cuts 50bp | 2.238 | LONG | Signal holds |
No single policy move in this range flips the direction or pushes the gap below threshold. This setup rests on more than one decision.
Concentration
2 entry-zone pairs share a currency with GBPNZD: GBPAUD, NZDJPY. Taking several of them is one position expressed multiple times, not diversification.