GBP/NZD may rise 63 - 95 pips

Our pivot point stands at 2.0686.

Our preference

The upside prevails as long as 2.0686 is support.

Alternative scenario

Below 2.0686, expect 2.0633 and 2.0602.

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 2.0714 and 2.0716).

Supports and resistances

2.0894 **

2.0862 *

2.0831 **

2.0799

2.0736 last

2.0707

2.0686 **

2.0633 *

2.0602 **

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