Gbp/nzd

GBP/NZD intraday: the RSI is oversold
Our pivot point is at 1.9239.
Comment:
the RSI is below 30. It could either mean that the pair is in a lasting downtrend or just oversold and therefore bound to retrace (look for bullish divergence in this case). The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.9262 and 1.9304).
Alternative scenario:
the upside breakout of 1.9239, would call for 1.9331 and 1.9386.
Our preference:
the downside prevails as long as 1.9239 is resistance.