• GBP/ NZD steadied on Thursday as traders anticipated higher interest rate by Bank of England in light of recent inflation and wage data.
• Interest rate expectations have ticked higher this week after data on Tuesday showed British wage growth at a record high.
• At GMT 17:25, the pair was trading up 0.26 percent at 2.1499,after reaching daily high 2.1534.
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 72.
• Immediate resistance is located at 2.1534(Daily high), any close above will push the pair towards 2.1585(Higher BB).
• Strong support is seen at 2.1452 (23.6%fib) and break below could take the pair towards 2.1344 (5DMA ).
Recommendation: Good to buy around 2.1470 with stop loss of 2.1350 and target price of 2.1600
