GBPNZD Technical Analysis: Weekly Chart

In the daily charts, GBPNZD is trading in an up channel. GBPNZD is currently trading below all SMA.

RSI is in the oversold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.9039 & the resistance level is at 1.9397.

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 selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.

Its immediate support is 1.9105 & the resistance level is at 1.9317.

GBPNZD is trading 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 1.9216, TAKE PROFIT AT 1.9317 AND STOP LOSS AT 1.9105