GBPNZD Technical Analysis: Weekly Chart
In the weekly charts, GBPNZD was trading in the up channel.
It is trading above all SMA.
The immediate support is 1.9844 & the resistance level is at 2.0060.
GBPNZD was trading in the up channel after breakout downside might be seen.
GBPNZD Technical Analysis: Daily Chart
In the daily charts, GBPNZD is trading in a down channel.
It is trading below 20 and 50 days SMA & above 100 days SMA.
The immediate support is 1.9777 & the resistance level is 1.9982.
GBPNZD is trading in the down-channel until there is a trend reversal.
How to Trade GBPNZD this Week:
GBPNZD will follow the downtrend until their trend reversal. So, remain bearish on GBPNZD.