7647116 7/13/2017 6:15 PM, GBP/NZD intraday: the downside prevails as long as 1.7680 is resistance


Our pivot point is at 1.7680.


Our preference

: the downside prevails as long as 1.7680 is resistance.


Alternative scenario

: above 1.7680, look for 1.7748 and 1.7789.


Comment

: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 1.7690 and 1.7730).


Supports and resistances

:

1.7789 **

1.7748 *

1.7680 **

1.7653

1.7622 last

1.7524

1.7483 **

1.7443 *

1.7402 **