• GBP/NZD rose higher on Thursday as pound benefited from better-than-expected UK PMI data.
• The UK services sector increased more robustly to 52.1 from 50.7 in November, according to the final S&P Global/CIPS UK Services Purchasing Managers' Index (PMI).
•At GMT 19:52, the pair was trading up 0.48 percent at 2.0360 after reaching daily high at 2.0388
• A rally towards is possible if GBP/NZD bulls overcome resistance at 50% fib.
• Immediate resistance is located at 2.0388 (50% fib), any close above will push the pair towards 2.0453(38.2% fib).
• Immediate support is seen at 2.0295(61.8% fib) and break below could take the pair towards 2.0187(Daily low).
Recommendation: Good to buy around 2.0350, with stop loss of 2.0220 and target price of 2.0430
