The pound new zealand pair rose during today's trading on Tuesday after three days of declines for the pair in light of the scarcity of economic data from Britain and New Zealand.

We are waiting for the New Zealand interest rate decision next week and expectations that the Federal Reserve will cut interest rates.

When some investment banks expected the Bank of New Zealand to cut interest by 50 basis points, as we mentioned here.

Technically: - the pound news pair is trading near the levels of the daily uptrend and strong demand zones, as the pair is trying to complete the bat harmonic pattern and rise from the current levels.

But if it reaches the levels of demand and the uptrend, it can bounce back, forming the Shark model.

Our targets for the pair in the near term are 2.1280 levels, and in the medium term the pair is targeting 2.1800 levels and around. This scenario fails if the 2.0800 levels break down.