GBP/NZD intraday: the downside prevails as long as 2.0250 is resistance
Our pivot point is at 2.0250.
Comment:
the RSI is below 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 2.0222 and 2.0239).
Alternative scenario:
above 2.0250, look for 2.0347 and 2.0404.
Our preference:
the downside prevails as long as 2.0250 is resistance.
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