GBP/NZD intraday: as long as 1.9859 is support look for 2.0048

Our pivot point stands at 1.9859.

Our preference: as long as 1.9859 is support look for 2.0048.

Alternative scenario: the downside breakout of 1.9859 would call for 1.9790 and 1.9749.

Comment: the RSI is above 50. The MACD is positive and below its signal line. The pair could retrace. Moreover, the price is above its 20 and 50 period moving average (respectively at 1.9920 and 1.9895).

Supports and resistances:

2.0130 **

2.0089 *

2.0048 **

2.0007

1.9924 last

1.9886

1.9859 **

1.9790 *

1.9749 **

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 19:52 UTC+1

Price reference: 1.9924 last known on 04-10-2023 at 19:52 UTC+1

Investment horizon: INTRADAY