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Gbp/nzd

Posted on the 22 October 2019 by Merks50

GBP/NZD intraday: the downside prevails as long as 2.0278 is resistance
Our pivot point stands at 2.0278.
Comment:
the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 2.0226 and 2.0242).
Alternative scenario:
above 2.0278, look for 2.0375 and 2.0432.
Our preference:
the downside prevails as long as 2.0278 is resistance.