Currency Trading – GBPNZD Price Technical Analysis and News
16 May 2022
GBPNZD Technical Analysis: Weekly Chart
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
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.