GBP/NZD intraday: rebound

Our pivot point stands at 2.0059.

the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair is trading above its 20 MA (2.0127) but under its 50 MA (2.0154).

Alternative scenario:
the downside breakout of 2.0059 would call for 1.9963 and 1.9905.

Our preference:

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