GBPNZD analysis on dated 12-8-2019

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the pair stands above its 20 day moving average (1.85710) but below its 50 day moving average (1.88670)

Type: Swing trade

Recommendation: Sell/Sell limit @ 1.87100 Target: 300 pips