• GBP/NZD rose higher on Friday as the pair turned bid after stronger-than-expected U.S. employment data reinforced expectations of a hawkish Federal Reserve stance.
• The Labor Department’s closely watched employment report on Friday pointed to a broadly positive U.S. labor market..
• The Labor Department’s Bureau of Labor Statistics reported that nonfarm payrolls rose by 172,000 last month after an upwardly revised 179,000 in April..
• Private sector employment rose by 120,000 jobs in May, while government payrolls increased by 52,000, the strongest gain in nearly two years.
• Immediate resistance is located at 2.3073(38.2%fib), any close above will push the pair towards 2.3148(Higher BB).
• Immediate support is seen at 2.2948(50%fib) and break below could take the pair towards 2.2829(61.8%fib).
Recommendation: Good to buy around 2.3050 with stop loss of 2.2920 and target price of 2.3130
