GBP/NZD may rise 70 - 102 pips

2.1849 is our pivot point.

Our preference

The upside prevails as long as 2.1849 is support.

Alternative scenario

Below 2.1849, expect 2.1796 and 2.1765.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1847 and 2.1843).

Supports and resistances

2.2064 **

2.2033 *

2.2002 **

2.1970

2.1900 last

2.1870

2.1849 **

2.1796 *

2.1765 **

Number of asterisks represents the strength of support and resistance levels.