GBP/NZD may rise 60 - 90 pips

2.0761 is our pivot point.

Our preference

The upside prevails as long as 2.0761 is support.

Alternative scenario

Below 2.0761, expect 2.0711 and 2.0681.

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 2.0801 and 2.0795).

Supports and resistances

2.0964 **

2.0934 *

2.0904 **

2.0874

2.0814 last

2.0781

2.0761 **

2.0711 *

2.0681 **

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