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Gbp/nzd

Posted on the 18 October 2019 by Merks50

GBP/NZD intraday: the downside prevails as long as 2.0257 is resistance
Our pivot point stands at 2.0257.
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 2.0247 and 2.0274).
Alternative scenario:
the upside breakout of 2.0257, would call for 2.0354 and 2.0411.
Our preference:
the downside prevails as long as 2.0257 is resistance.