GBP/NZD may rise 108 - 155 pips

2.1263 is our pivot point.

Our preference

As long as 2.1263 is support look for 2.1485.

Alternative scenario

Below 2.1263, expect 2.1184 and 2.1138.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.1329 and 2.1319).

Supports and resistances

2.1578 **

2.1531 *

2.1485 **

2.1438

2.1330 last

2.1294

2.1263 **

2.1184 *

2.1138 **

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