• GBP/NZD strengthened on Thursday as the pair gave attracted buyers ahead of U.S. inflation data and the British GDP report .
•Friday's US CPI data is this week's key data event, Traders will also keep an eye on UK GDP data
• Technical signals show the pair could gain more ground in the short-term as RSI is at 51, daily momentum studies 5, and 9 DMAs are trending up.
• Immediate resistance is located at 2.0818 (38.2%fib), any close above will push the pair towards 2.0877 (50%fib).
• Strong support is seen at 2.0730(50%fib) and break below could take the pair towards 2.0637 (23.6%fib)
Recommendation: Good tobuy around 2.0770 with stop loss of 2.0600 and target price of 2.0850
