GBP/NZD may rise 76 - 113 pips

Our pivot point is at 2.1460.

Our preference

The upside prevails as long as 2.1460 is support.

Alternative scenario

Below 2.1460, expect 2.1398 and 2.1361.

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 2.1511 and 2.1492).

Supports and resistances

2.1708 **

2.1671 *

2.1633 **

2.1596

2.1520 last

2.1485

2.1460 **

2.1398 *

2.1361 **

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