Since the beginning of the year, Pair is well supported above NZ$2.1500 marks.
- On the top side, pair rejects the major resistance levels at 2.2291 levels.
- Intraday bias remains bearish below NZ$2.2089 levels.
- In addition, 10, 25 and 50 days EMA also supports the bearish bias.
- Major support levels are seen at NZ$2.1779, NZ$2.1671 and NZ$2.1500 levels.
- On the top side, resistance levels are seen at NZ$2.1981, NZ$2.2089 and NZ$2.2291 levels.
We prefer to take short position is GBP/NZD around NZ$2.1950, stop loss NZ$2.2089 and target NZ$2.1671 levels.
