GBP/NZD intraday: the downside prevails as long as 1.9268 is resistance

1.9268 is our pivot point.

Our preference: the downside prevails as long as 1.9268 is resistance.

Alternative scenario: above 1.9268, look for 1.9344 and 1.9390.

Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9222 and 1.9236).

Supports and resistances:

1.9390 **

1.9344 *

1.9268 **

1.9238

1.9207 last

1.9111

1.9066 **

1.9020 *

1.8975 **

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 03-02-2023 at 21:44 UTC+1

Price reference: 1.9207 last known on 03-02-2023 at 21:44 UTC+1

Investment horizon: INTRADAY