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Gbp/nzd

Posted on the 29 October 2019 by Merks50
GBP/NZD intraday: the downside prevails as long as 2.0276 is resistance
Our pivot point is at 2.0276.
Comment:
the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 2.0218 and 2.0228).
Alternative scenario:
the upside breakout of 2.0276, would call for 2.0373 and 2.0430.
Our preference:
the downside prevails as long as 2.0276 is resistance.

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