GBP/NZD may rise 91 - 135 pips

Our pivot point stands at 2.1183.

Our preference

As long as 2.1183 is support look for 2.1411.

Alternative scenario

Below 2.1183, expect 2.1109 and 2.1065.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 2.1252 and 2.1247).

Supports and resistances

2.1499 **

2.1455 *

2.1411 **

2.1367

2.1276 last

2.1212

2.1183 **

2.1109 *

2.1065 **

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