GBP/NZD intraday: as long as 1.9760 is support look for 1.9973

Our pivot point stands at 1.9760.

Our preference: as long as 1.9760 is support look for 1.9973.

Alternative scenario: the downside breakout of 1.9760 would call for 1.9684 and 1.9639.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 1.9812 and 1.9759).

Supports and resistances:

2.0063 **

2.0018 *

1.9973 **

1.9928

1.9832 last

1.9790

1.9760 **

1.9684 *

1.9639 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

TRADING CENTRAL is governed by the Code of Conduct of ANACOFI-CIF, an association approved by the Autorité des Marchés Financiers and registered with ORIAS under number 17005458.

Written on 03-27-2023 at 20:03 UTC+1

Price reference: 1.9832 last known on 03-27-2023 at 20:03 UTC+1

Investment horizon: INTRADAY