7640821 7/12/2017 5:11 PM, GBP/NZD intraday: rebound towards 1.7899


Our pivot point stands at 1.7700.


Our preference

: rebound towards 1.7899.


Alternative scenario

: below 1.7700, expect 1.7628 and 1.7586.


Comment

: the RSI is below 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair is trading above its 20 MA (1.7757) but under its 50 MA (1.7791).


Supports and resistances

:

1.7984 **

1.7942 *

1.7899 **

1.7856

1.7759 last

1.7728

1.7700 **

1.7628 *

1.7586 **