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• GBP/ NZD gained on Monday as Australian dollar weakened as risk aversion swept through currency markets.
• The pair is holding near today's high.A close above 1.9120 , 38.2% fib, should trigger a new bullish phase with potential for 1.9300.
• Technical signals are busslish as RSI is at 46,while 5,9, 11 DMAs are trending up.
• Immediate resistance is located at 1.9120(38.2%fib), any close above will push the pair towards 1.9205 (Higher BB).
• Immediate support is seen at 1.9104(5DMA) and break below could take the pair towards 1.9200 (Higher BB).
Recommendation: Good buy around 1.9070, with stop loss of 1.8900 and target price of 1.9210
