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Gbp/nzd

Posted on the 11 October 2019 by Merks50
GBP/NZD intraday: as long as 1.9576 is support look for 1.9825
1.9576 is our pivot point.
Comment:
the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 MA (1.9675) but above its 50 MA (1.9517).
Alternative scenario:
the downside breakout of 1.9576 would call for 1.9482 and 1.9426.
Our preference:
as long as 1.9576 is support look for 1.9825.

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