Currency Trading – GBPNZD Price Technical Analysis and News

Currency Trading – GBPNZD Price Technical Analysis and News

GBPNZD Technical Analysis

GBPNZD Technical Analysis: Weekly Chart

GBPNZD Price Technical Analysis

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

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

Its immediate support is 1.9275 & the resistance level is at 1.9689.

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

GBPNZD Technical Analysis: Daily Chart

GBPNZD Price Technical Analysis

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

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

Its immediate support is 1.9433 & the resistance level is at 1.9621.

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 1.9520, TAKE PROFIT AT 1.9621 AND STOP LOSS AT 1.9433

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