GBPNZD Technical Analysis: Weekly Chart

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

RSI is in buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 1.9241 & the resistance level is at 1.9498.

GBPNZD is trading in the up channel until there is trend reversal.

GBPNZD Technical Analysis: Daily Chart

In the daily charts, GBPNZD was trading in a down channel. GBPNZD is currently trading below all SMA.

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

Its immediate support is 1.9270 & the resistance level is at 1.9432.

GBPNZD was trading in the down channel before there is breakout upside.  

How to Trade GBPNZD this Week:

GBPNZD will follow the downtrend until their trend reversal. So, remain bearish on GBPNZD.

TRADE SUGGESTION- SELL AT 1.9348, TAKE PROFIT AT 1.9270 AND STOP LOSS AT 1.9432