• GBP/NZD extended earlier gains on Friday as mixed U.S. jobs data lifted the pair higher.
• At GMT 20:17 the pair was trading up 0.37 % higher at 1.9607 , its strongest intraday level since 28th February.
• A daily close above 1.9651(38.2%fib) will further improve the technical outlook, and open the possibility of a rally towards 1.9750 level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 62,while moving averages are trending higher.
• Immediate resistance is located at 1.9651(38.2%fib), any close above will push the pair towards 1.9679(Higher BB).
• Immediate support is seen at 1.9520 (38.2%fib) and break below could take the pair towards 1.9457 (5DMA).
Recommendation: Good to buy around 1.9610, with stop loss of 1.9500, and target price of 1.9700
