GBP/NZD may rise 97 - 145 pips

2.1251 is our pivot point.

Our preference

The upside prevails as long as 2.1251 is support.

Alternative scenario

Below 2.1251, expect 2.1170 and 2.1122.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.1309 and 2.1308).

Supports and resistances

2.1566 **

2.1519 *

2.1471 **

2.1423

2.1326 last

2.1282

2.1251 **

2.1170 *

2.1122 **

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