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Gbp/nzd

Posted on the 11 November 2019 by Merks50

GBP/NZD intraday: the downside prevails as long as 2.0245 is resistance
Our pivot point stands at 2.0245.
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 2.0185 and 2.0196).
Alternative scenario:
above 2.0245, look for 2.0342 and 2.0399.
Our preference:
the downside prevails as long as 2.0245 is resistance.