GBP/NZD may rise 81 - 121 pips

Our pivot point is at 2.1291.

Our preference

The upside prevails as long as 2.1291 is support.

Alternative scenario

Below 2.1291, expect 2.1224 and 2.1185.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.1290 and 2.1218).

Supports and resistances

2.1567 **

2.1527 *

2.1488 **

2.1448

2.1367 last

2.1317

2.1291 **

2.1224 *

2.1185 **

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