Our pivot point is at 2.2332.
Our preference: the downside prevails as long as 2.2332 is resistance
Alternative scenario: above 2.2332, look for 2.2381 and 2.2410.
Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 2.2315 and 2.2385). Finally, the GBP/NZD is trading below its lower Bollinger band (standing at 2.2270).
Supports and resistances:
2.2410 **
2.2381 *
2.2332 **
2.2313
2.2261 last
2.2203
2.2174 **
2.2146 *
2.2117 **
Head of Research at TRADING CENTRAL: Rémy GAUSSENS
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Written on 05-05-2025 at 01:19 UTC+1
Price reference: 2.2261 last known on 05-05-2025 at 01:19 UTC+1
Investment horizon: INTRADAY
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