GBP/NZD intraday: the upside prevails as long as 1.9536 is support
Our pivot point is at 1.9536.
Comment:
the RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.9578 and 1.9559).
Alternative scenario:
the downside breakout of 1.9536 would call for 1.9442 and 1.9386.
Our preference:
the upside prevails as long as 1.9536 is support.
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