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• GBP/NZD gained on Tuesday as improved economic figures, lockdown easing measures, and relief about the result of the Scottish political race supported sterling.
• The pair is holding near today's high, A close above 1.9481( 38.2%fib), will likely trigger a new bullish phase with potential for 1.9570.
• Technical favours bullish sentiment, RSI is rising & pair trades above 5 and 9-DMAs.
• Immediate resistance is located at 1.9481( 38.2%fib), any close above will push the pair towards 1.9530(Higher BB).
• Immediate support is seen at 1.9413(50%fib ) and break below could take the pair towards 1.9378 (55DMA)..
Recommendation: Good to buy around 1.9450, with stop loss of 1.9330 and target price of 1.9550
