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• GBP/NZD rose towards 2.1500 level on Friday as risk aversion, falling metals weighed on kiwi dollar.
• The kiwi dollar decline worsened on falling copper and iron ore prices due to weak sentiment in China.
• GBP/NZD climbs near 2.1500 and holds near the day's high in US session. Close above 2.1522( 23.6%fib) to strengthen the bull bias further.
• Immediate resistance is located at 2.1522 ( 23.6%fib), any close above will push the pair towards 2.1552( Higher BB).
• Immediate support is seen at 2.1405 (Daily low) and break below could take the pair towards 2.1375 (38.2%fib).
Recommendation: Good to buy around 2.1480, with stop loss of 2.1400 and target price of 2.1550.
