GBPNZD Technical Analysis: Weekly Chart

In the weekly charts, GBPNZD is trading in 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 1.8925 & the resistance level is at 1.9142.

GBPNZD will trade in down channel until there is trend reversal

GBPNZD Technical Analysis: Daily Chart

In the daily charts, GBPNZD is trading in 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 1.9037 & the resistance level is at 1.9099

GBPNZD will trade in down channel until there is trend reversal.  

How to Trade GBPNZD this Week:

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

TRADE SUGGESTION- SELL AT 1.9057, TAKE PROFIT AT 1.9037 AND STOP LOSS AT 1.9099