Technical analysis of GBPNZD Today I choose GBP/NZD for technical analysis. Market prices are currently rising and buying momentum is helping them rise. The market price broke the resistance level and the market price is currently forming a double top near the 2.2520 resistance level. After being rejected by this major resistance level, the price is pulling back and now the price may come to the next support level. Minor support will respond to the 2.2415 range for some time. Reject one by one and look at the technical analysis and fundamental information we got from us at the time.
GBP/NZD market price is currently rising and the price has been rejected near the resistance level, preventing its price from rising. The price could trade below this resistance level in the future, which is today's 50-day simple moving average. Indicators and technical analyzers are used for chart support to push prices lower from this resistance level. If we look at the chart on the market h1 time frame, we see that the 50-day simple moving average is currently above the market and below the market resistance. Also take a look at the 200-day simple moving average, which is above the market and below market resistance on this chart. If we look at the RSI indicator here, the RSI indicator is currently between 30 and 70, which is 53. The RSI indicator tells us that the market is currently in a downtrend but will move upwards in the next few days.
The indicator used in this chart : 50-day simple moving average color Navy: 200-day simple moving average color Chocolate: RSI indicator period 14: 
