• GBP/NZD edge higher on Friday as investors booked profit on shorts after US jobs data release
• The report from the Labor Department showed that in November, nonfarm payrolls surged by 199,000 jobs, exceeding the estimated increase of 180,000 jobs.
• At GMT 19:23, the pair was trading up 0.40 percent at 2.0463 after reaching daily low at 2.0383.
• Technical are bearish, daily RSI is negative at 40, daily momentum studies 9 and 10 DMAs are trending down.
• Immediate resistance is located at 2.0463 ( 50% fib), any close above will push the pair towards 2.0602 (61.8% fib).
• Immediate support is seen at 2.0326 (38.2% fib) and break below could take the pair towards 2.0157 (23.6% fib).
Recommendation: Good to sell around 2.0530, with stop loss of 2.0650 and target price of 2.0400
