GBP/NZD ST: the downside prevails as long as 2.07 is resistance
26-May-11
05:21
Our pivot point stands at 2.07.
Our preference: the downside prevails as long as 2.07 is resistance.
Alternative scenario: the upside breakout of 2.07, would call for 2.104 and 2.124.
Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (standing respectively at 2.0578 and 2.0844).
Supports and resistances:
2.104 *
2.07 **
2.057
2.0221 last
1.982
1.962 **
1.943 *
Ticker: GBPNZD
