GBP/NZD intraday: rebound towards 1.9966
1.9651 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.9749 and 1.9766).
Alternative scenario:
the downside breakout of 1.9651 would call for 1.9556 and 1.9500.
Our preference:
rebound towards 1.9966.
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