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FxWirePro: GBP/NZD positions for another climb, eyes 2.0300 level

• GBP/NZD extended its yesterday’s bounce  as  risk-sensitive New Zealand dollar fell amid escalating worries about both a potential military conflict in Ukraine .

• GBP/NZD remains offered despite  Russia-Ukraine tensions  , the pound has gained 0.09% versus the New Zealand dollar.

• Technical signals are bullish as RSI is at 72, daily momentum studies  50 DMA, 5 EMA are trending up.

• Immediate resistance is located at 2.0202 ( 23.6%fib), any close above will push the pair towards 2.0275 ( Higher BB).

• Strong support is seen at 2.0152 (5 DMA) and break below could take the pair towards 2.0042 (38.2%fib).

 Recommendation: Good to buy around 2.0150, with stop loss of 2.0050 and target price of 2.0180.

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