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Gbp/nzd

Posted on the 05 November 2019 by Merks50
GBP/NZD intraday: target 1.9926
2.0191 is our pivot point.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (2.0130) but above its 50 MA (2.0096).
Alternative scenario:
the upside breakout of 2.0191, would call for 2.0287 and 2.0345.
Our preference:
target 1.9926.

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