• GBP/NZD strengthened on Friday as global risk asset inflow kept sterling buoyed.
• Investors remained focused on the Bank of England policy path as higher rates would support the British currency.
•Sterling was last trading at 0.013 % higher versus the kiwi dollar ,it is set to end the week down by 0.61%
•The pair is holding near today's high and has managed to stay above the crucial level of 50%fib support.
• Immediate resistance is located at 2.0500 (38.2%fib), any close above will push the pair towards 2.0580 (Feb 19th high).
• Strong support is seen at 2.0350(50%fib) and break below could take the pair towards 2.0269 (61.8%fib)
Recommendation: Good to buy around 2.0440 with stop loss of 2.0320 and target price of 2.0500
