Currency Pair GBPNZD Technical Analysis and Price Chart – CSFX

Currency Pair GBPNZD Technical Analysis and Price Chart – CSFX

GBPNZD Technical Analysis

GBPNZD Technical Analysis: Weekly Chart

In the daily charts, GBPNZD is trading in an up channel. GBPNZD is currently trading below 20 days SMA & above 50 and 100 days SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.9152 & the resistance level is at 1.9951.

GBPNZD will trade in the up channel until there is trend reversal.

GBPNZD Technical Analysis: Daily Chart

In the daily charts, GBPNZD is trading in an up channel. GBPNZD is currently trading above 20 and 50 days SMA & below 100 days SMA.

RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.9367 & the resistance level is at 1.9686.

GBPNZD will trade in the up channel until there is trend reversal. 

How to Trade GBPNZD this Week:

GBPNZD will follow the uptrend until their trend reversal. So, remain bullish on GBPNZD.

TRADE SUGGESTION- BUY AT 1.9566, TAKE PROFIT AT 1.9686 AND STOP LOSS AT 1.9367

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