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• GBP/NZD after initially gaining on Tuesday the pair gave some ground as fears about Fed's policy path kept investors cautious .
• In an up-and-down session, the pair hit low at 1.9216 in early trading then recovered towards 1.9283.
• Technical signals show the pair could gain more ground in the short-term as RSI is turing up, daily momentum studies 5, and 9 DMAs are trending up.
• Immediate resistance is located at 1.9301 (21DMA), any close above will push the pair towards 1.9470 (23.6%fib).
• Strong support is seen at 1.9207(38.2%fib) and break below could take the pair towards 1.9135 (Lower BB )
Recommendation: Good to buy around 1.9260 with stop loss of 1.9150 and target price of 1.9320
