GBP/NZD may rise to 2.2033 - 2.2264

Our pivot point stands at 2.1080.

Our preference

As long as 2.1080 is support look for 2.2264.

Alternative scenario

Below 2.1080, expect 2.0695 and 2.0465.

Comment

The RSI is above its neutrality area at 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 2.1393 and 2.1006).

Supports and resistances

2.2727 **

2.2495 *

2.2264 **

2.2033

2.1494 last

2.1232

2.1080 **

2.0695 *

2.0465 **

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