GBP/NZD intraday: the downside prevails as long as 1.9786 is resistance

1.9786 is our pivot point.

Our preference: the downside prevails as long as 1.9786 is resistance.

Alternative scenario: the upside breakout of 1.9786, would call for 1.9855 and 1.9896.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.9745 and 1.9745).

Supports and resistances:

1.9896 **

1.9855 *

1.9786 **

1.9759

1.9731 last

1.9643

1.9602 **

1.9562 *

1.9521 **

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 04-05-2023 at 21:54 UTC+1

Price reference: 1.9731 last known on 04-05-2023 at 21:54 UTC+1

Investment horizon: INTRADAY