GBP/NZD intraday: the downside prevails as long as 1.9557 is resistance

1.9557 is our pivot point.

Our preference: the downside prevails as long as 1.9557 is resistance.

Alternative scenario: the upside breakout of 1.9557, would call for 1.9635 and 1.9681.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 1.9563 and 1.9573).

Supports and resistances:

1.9681 **

1.9635 *

1.9557 **

1.9527

1.9494 last

1.9401

1.9355 **

1.9309 *

1.9263 **

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 02-28-2023 at 21:40 UTC+1

Price reference: 1.9494 last known on 02-28-2023 at 21:40 UTC+1

Investment horizon: INTRADAY