GBPNZD Technical Analysis and How To Trade GBPNZD

GBPNZD Technical Analysis

GBPNZD Technical Analysis: Weekly Chart

GBPNZD Technical Analysis

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

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

Its immediate support is 1.9401 & the resistance level is at 1.9625.

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

GBPNZD Technical Analysis: Daily Chart

GBPNZD Technical Analysis

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

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

Its immediate support is 1.9451 & the resistance level is at 1.9553.

GBPNZD will trade in 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 1.9498, TAKE PROFIT AT 1.9553 AND STOP LOSS AT 1.9451

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