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Gbp/nzd

Posted on the 28 October 2019 by Merks50

GBP/NZD intraday: the upside prevails as long as 2.0118 is support
Our pivot point is at 2.0118.
Comment:
the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the pair is trading above both its 20 and 50 MAs (respectively at 2.0186 and 2.0178).
Alternative scenario:
below 2.0118, expect 2.0021 and 1.9964.
Our preference:
the upside prevails as long as 2.0118 is support.