Gbp/nzd

GBP/NZD intraday: the upside prevails as long as 2.0083 is support
2.0083 is our pivot point.
Comment:
the RSI is trading above 70. This could mean that either the pair is in a lasting uptrend or just overbought and that therefore a correction could shape (look for bearish divergence in this case). The MACD is above its signal line and positive. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 2.0121 and 2.0103).
Alternative scenario:
the downside breakout of 2.0083 would call for 1.9986 and 1.9929.
Our preference:
the upside prevails as long as 2.0083 is support.