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FxWirePro: GBP/NZD steadies around 2.3350 , retains bid tone

• GBP/NZD steadied around  2.3350 on Thursday    as traders assessed   tensions in the Middle East and awaited new catalyst.

• Oil prices rose more than 4% after Yemen's Iran-backed Houthis fired missiles at Saudi Arabia and diplomatic ​talks between the US and Iran showed little sign of progress.

• Bank of England Deputy ​Governors Clare Lombardelli and Sarah ​Breeden hinted at ⁠the possibility of future interest rate hikes, while BoE Monetary Policy Committee member Swati Dhingra said winter will be key ​for judging UK inflation risks.

• Traders are now fully pricing in at least one 25-basis-point interest-rate hike by the Bank of England this year.

 • Immediate resistance is located at 2.3507 (23.6%%fib), any close above will push the pair towards 2.3649(Higher BB).

• Immediate support is seen at 2.3260(38.2%fib) and break below could take the pair towards 2.3212(SMA20).

Recommendation: Good to buy around 2.3300, with stop loss of 2.3200 and target price of 2.3380

 

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