GBP/NZD may rise to 2.2027 - 2.2285

Our pivot point stands at 2.1094.

Our preference

The upside prevails as long as 2.1094 is support.

Alternative scenario

Below 2.1094, expect 2.0662 and 2.0405.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 2.1280 and 2.1327).

Supports and resistances

2.2801 **

2.2543 *

2.2285 **

2.2027

2.1504 last

2.1263

2.1094 **

2.0662 *

2.0405 **

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