GBP/NZD may rise 62 - 90 pips

2.0689 is our pivot point.

Our preference

The upside prevails as long as 2.0689 is support.

Alternative scenario

Below 2.0689, expect 2.0642 and 2.0614.

Comment

The RSI is above 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 2.0719 and 2.0695).

Supports and resistances

2.0876 **

2.0848 *

2.0820 **

2.0792

2.0730 last

2.0708

2.0689 **

2.0642 *

2.0614 **

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