GBP/NZD intraday: under pressure below 1.9263
1.9263 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands above its 20 MA (1.9188) but below its 50 MA (1.9199).
Alternative scenario:
above 1.9263, look for 1.9355 and 1.9410.
Our preference:
under pressure below 1.9263.
You Might Also Like :