GBP/NZD intraday: the upside prevails as long as 1.9447 is support
Our pivot point is at 1.9447.
Comment:
the RSI is above its neutrality area at 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 1.9515 and 1.9506).
Alternative scenario:
the downside breakout of 1.9447 would call for 1.9353 and 1.9297.
Our preference:
the upside prevails as long as 1.9447 is support.
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