FxWirePro: GBP/NZD consolidates at above 1.9300 after early fall,good to buy on dips

• GBP/NZD   recovered ground on Monday   as bears run out of stem just shy of 23.6%fib support  as market participants awaited  Federal Reserve meeting .

• GBP/NZD   hit daily low at 1.9229, before bouncing towards1.9320. Resistance  at 1.9471 (Higher BB)  is now threatened. 

• Technical signals are bullish as RSI at 55, moving averages are trending up. 

• Immediate resistance is located at 1.9340 ( 9 DMA), any close above will push the pair towards 1.9471 ( Higher BB).

• Immediate support is seen at 1.9239 (Daily low) and break below could take the pair towards 1.9174(23.6%fib).

 Recommendation: Good buy  around 1.9330, with stop loss of 1.9150 and target price of 1.9430.