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FxWirePro: GBP/NZD uptrend looks tired, but continues to hold

• GBP/NZD  edged higher on Monday but gains were limited as  holiday markets limited outright direction.

• The pair hit daily high at 2.0417, but retreated  back , it was last up 0.10 % at 2.0375.

• Technical signals are bullish as RSI is at 63, daily momentum studies  5,9,21 DMA are trending north. 

• Immediate resistance is located at 2.0426 (23.6%fib), any close above will push the pair towards 2.0522(Higher BB).

• Strong support is seen at 2.0349(5DMA) and break below could take the pair towards 2.0190 (38.2%fib).

Recommendation: Good to buy around 2.0360 with stop loss of 2.0230  and target price of 2.0470

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