GBP/NZD intraday: rebound
Our pivot point is at 1.9091.
Comment:
the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (1.9160) but under its 50 MA (1.9198).
Alternative scenario:
the downside breakout of 1.9091 would call for 1.8999 and 1.8944.
Our preference:
rebound.
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