GBP/NZD intraday: the upside prevails as long as 1.9604 is support
1.9604 is our pivot point.
Comment:
the RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 1.9644 and 1.9640).
Alternative scenario:
the downside breakout of 1.9604 would call for 1.9510 and 1.9453.
Our preference:
the upside prevails as long as 1.9604 is support.
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