• GBP/NZD extended gains on Thursday as GBP benefited from upbeat UK GDP data and diverging monetary policy outlooks between the Bank of England (BoE) and the RBNZ .
• Official figures released on Thursday showed that the UK economy grew 0.3% in the second quarter of 2025, following a notably strong 0.7% expansion in the first quarter.
• Combination of robust economic data and differing central bank outlooks provided broad-based support for the pound against the Australian dollar.
• Technicals are favoring bullish sentiment as RSI is at 70 and the pair is trading above 11 & 21-DMAs.
• Immediate resistance is located at 2.2896 (Daily high ), any close above will push the pair towards 2.2989 (38.2%fib).
• Strong support is seen at 2.2767(50%fib) and break below could take the pair towards 2.2681( Daily low).
Recommendation: Good to buy around 2.2850, with stop loss of 2.2700 and target price of 2.2940
