• GBP/NZD gained on Thursday as sterling benefited from strongly weaker New Zealand dollar.
• GBP/NZD remains bullish, only a break and daily close above 21DMA at 1.9390 will shift bias to the downside.
• Technical highlight upside risks for GBP NZD , with momentum studies, 5, 10 and 21 DMAs tracking north.
• Immediate resistance is located at 2.1872 (23.6%fib ), any close above will push the pair towards at 2.1913 (Higher BB).
• Strong support is seen at 2.1760 (Jul 25thy low) and break below could take the pair towards 2.1160 (38.2%fib).
Recommendation: Good to buy around 2.1700, with stop loss of 2.1600and target price of 2.1850
