GBP/NZD may rise 72 - 107 pips

2.1544 is our pivot point.

Our preference

The upside prevails as long as 2.1544 is support.

Alternative scenario

Below 2.1544, expect 2.1485 and 2.1450.

Comment

The RSI is above its neutrality area at 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 2.1576 and 2.1543).

Supports and resistances

2.1775 **

2.1740 *

2.1705 **

2.1670

2.1598 last

2.1567

2.1544 **

2.1485 *

2.1450 **

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