GBP/NZD may rise 69 - 103 pips
Our pivot point is at 2.0962.
Our preference
As long as 2.0962 is support look for 2.1114.
Alternative scenario
Below 2.0962, expect 2.0905 and 2.0871.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1002 and 2.0973).
Supports and resistances
2.1182 **
2.1148 *
2.1114 **
2.1080
2.1011 last
2.0984
2.0962 **
2.0905 *
2.0871 **
Number of asterisks represents the strength of support and resistance levels.
Our preference
As long as 2.0962 is support look for 2.1114.
Alternative scenario
Below 2.0962, expect 2.0905 and 2.0871.
Comment
The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1002 and 2.0973).
Supports and resistances
2.1182 **
2.1148 *
2.1114 **
2.1080
2.1011 last
2.0984
2.0962 **
2.0905 *
2.0871 **
Number of asterisks represents the strength of support and resistance levels.
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