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Long

GBP/NZD faces support at 2.0980, good to buy at dips

FX:GBPNZD   British Pound/New Zealand Dollar
146 0 6
Major support – 2.0980

The pair has recovered after making a low of 2.100 at the time of writing . it is currently trading around 2.11307.

Short term trend is slightly bullish as long as support 2.0980 holds. Any break below 2.0980 will drag the pair down till 2.0900/2.08350.

On the higher side minor resistance is around 2.1175 and break above targets 2.1400/2.1500.

Short term trend reversal only above 2.1550.

StochRsi – Buy

It is good to buy at dips around 2.1125-30 with SL around 2.0980 for the TP of 2.150/2.155
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