GBP/NZD may rise 83 - 115 pips.

GBP/NZD may rise 83 - 115 pips.

Our pivot point is at 2.2447.

Our preference : Rebound towards 2.2632 Alternative scenario Below 2.2447, expect 2.2393 and 2.2361.

Comment : The RSI is below its neutrality area at 50.

The MACD is above its signal line and negative.

The configuration is mixed.

Moreover, the price stands above its 20 period moving average (2.2511) but below its 50 period moving average (2.2542).