GBP/NZD intraday: the downside prevails as long as 1.9439 is resistance
Our pivot point is at 1.9439.
Comment:
the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 1.9402 and 1.9380).
Alternative scenario:
the upside breakout of 1.9439, would call for 1.9532 and 1.9587.
Our preference:
the downside prevails as long as 1.9439 is resistance.
Magazine
You Might Also Like :
These articles might interest you :
POPULAR TOPICS
Dawn George Michele Bachmann U.S. Debt Ceiling Katie Taylor Japan Disaster Justin Bieber David Cameron al-Qaeda Anthony Weiner Costa Concordia Disaster U.S. Credit Downgrade Kony Sarah Palin Lance Armstrong Pirates of the Caribbean Karen Bill Kathy Long Marathons Schwarzenegger Laila Ali Libyan Conflict Petraeus Affair Hurricane Irene Champions' League UK Riots Jeremy Lin Alicia Ashley iPad Becky Smith Wikileaks
THE %(site_name)s COMMUNITY
TOP MEMBERS
-
umkhaloodie
3864140 pt -
Ch
3396455 pt -
jesusmsanchezl
2453003 pt -
weddingblog2011
2205852 pt