GBP/NZD intraday: as long as 1.9836 is support look for 2.0023

Our pivot point stands at 1.9836.

Our preference: as long as 1.9836 is support look for 2.0023.

Alternative scenario: the downside breakout of 1.9836 would call for 1.9767 and 1.9726.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is trading under its 20 period moving average (1.9896) but above its 50 period moving average (1.9872).

Supports and resistances:

2.0105 **

2.0064 *

2.0023 **

1.9982

1.9894 last

1.9863

1.9836 **

1.9767 *

1.9726 **

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 04-10-2023 at 10:42 UTC+1

Price reference: 1.9894 last known on 04-10-2023 at 10:42 UTC+1

Investment horizon: INTRADAY