GBP/NZD intraday: below its lower Bollinger band
Our pivot point stands at 1.9916.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.9879 and 1.9906). Finally, the GBP/NZD is trading below its lower Bollinger band (standing at 1.9818).
Alternative scenario:
above 1.9916, look for 2.0011 and 2.0067.
Our preference:
the downside prevails as long as 1.9916 is resistance.
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