GBP/NZD may fall 64 - 95 pips.

GBP/NZD may fall 64 - 95 pips.

Our pivot point is at 2.2618.

Our preference : The downside prevails as long as 2.2618 is resistance Alternative scenario Above 2.2618, look for 2.2670 and 2.2700.

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 2.2598 and 2.2617).