• GBP /NZD strengthened on Monday as focus shifted upcoming BoE commentary and U.S. election
• Investors await comments this week by a slew of BoE members, including recently dovish Governor on Tuesday, and the more hawkish on Thursday, for clues at the path of near-term BoE policy.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 55 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 2.1584(23.6% fib), any close above will push the pair towards 2.1623(Oct 16th high).
• Immediate support is seen at 2.1498(5SMA) and break below could take the pair towards 2.1483(38.2% fib).
Recommendation: Good to buy on dips around 2.1520, with stop loss of 2.1450 and target price of 2.1600
