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Gbp/nzd

Posted on the 16 September 2019 by Merks50

GBP/NZD intraday: the downside prevails as long as 1.9568 is resistance
1.9568 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.9523 and 1.9542).
Alternative scenario:
the upside breakout of 1.9568, would call for 1.9662 and 1.9717.
Our preference:
the downside prevails as long as 1.9568 is resistance.