• GBP/NZD retreated on Thursday as currencies early gains evaporated as traders awaited U.S. NFP data release on Friday.
• Friday's NFP data may provide some extreme moves and a potential test of the technical levels depending on how the data comes in.
• GBP/NZD dipped near 1.9733, but losses were limited by demand near 1.9690 (5DMA ).
• GBP/NZD remains bullish , only a close back below 1.9500 level , could upset the bullish order.
• Immediate resistance is located at 1.9824(38.2%fib ), any close above will push the pair towards 1.9894(Higher BB).
• Strong support is seen at 1.9690 (5DMA )and break below could take the pair towards 1.9582 (50%fib).
Recommendation: Good to buy around 1.9660, with stop loss of 1.9500 and target price of 1.9780
