• GBP/NZD dipped on Thursday as the pair failed find strong direction in quiet trading session due to a U.S. holiday.
• Trading volume was thin across markets as U.S. stocks and bonds markets were shut due to the Thanksgiving holiday.
• The pound erased some of Wednesday’s gains against the kiwi dollar , the pair was trading down at 0.04% at 2.1535 .
• Immediate resistance is located at 2.1571 (Nov 27th high), any close above will push the pair towards 2.1612 (23.6% fib)
• Strong support is seen at 2.1500 (38.2% fib)and break below could take the pair towards 2.1409(38.2% fib).
Recommendation: Be on sidelines
