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 the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 1.9162 & the resistance level is at 1.9445.
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 a down channel. GBPNZD is currently trading above 50 days SMA & below 20 and 100 days SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 1.9249 & the resistance level is at 1.9399.
GBPNZD will trade in the 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.
