• GBP/NZD rose on Friday as pair reacted to strong U.S. nonfarm payrolls report.
• Non-farm payrolls report showed U.S. employers surpassed economists' expectations by adding 353,000 jobs, exceeding the anticipated 180,000 jobs.
• A rally towards 2.0900 is possible if GBP/NZD bulls overcome resistance 23.6%fib.
• Technical signals are bullish as RSI is rising at 61, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 2.0837(23.6%fib), any close above will push the pair towards 2.0940 (Jan 22nd high)
• Strong support is seen at 2.0701 (38.2%fib) and break below could take the pair towards 2.0601 (50%fib).
Recommendation: Good buy around 2.0810, with stop loss of 2.0700 and target price of 2.0900
