GBP/NZD intraday: below its lower Bollinger band

1.9798 is our pivot point.

Our preference: the downside prevails as long as 1.9798 is resistance.

Alternative scenario: above 1.9798, look for 1.9872 and 1.9916.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.9752 and 1.9775). Finally, the GBP/NZD is trading below its lower Bollinger band (standing at 1.9733).

Supports and resistances:

1.9916 **

1.9872 *

1.9798 **

1.9769

1.9732 last

1.9643

1.9599 **

1.9554 *

1.9510 **

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 03-28-2023 at 22:27 UTC+1

Price reference: 1.9732 last known on 03-28-2023 at 22:27 UTC+1

Investment horizon: INTRADAY