Magazine

Gbp/nzd

Posted on the 11 September 2019 by Merks50

GBP/NZD intraday: the upside prevails as long as 1.9176 is support
Our pivot point is at 1.9176.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is above its 20 and 50 MAs (respectively at 1.9240 and 1.9239).
Alternative scenario:
the downside breakout of 1.9176 would call for 1.9083 and 1.9028.
Our preference:
the upside prevails as long as 1.9176 is support.