• GBP/ NZD initially gained on Wednesday but lost some ground after news the British government delayed its fiscal statement to Nov.
• Sunak delayed the announcement of a keenly awaited plan for repairing the country's public finances until Nov. 17.
• Technical signals are bullish as RSI is bullish at 57, daily momentum studies 5 and 11 DMAs are trending up.
• Immediate resistance is located at 2.0092 (23.6% fib), any close above will push the pair towards 2.0159 (Higher BB)
• Immediate support is seen at 1.9887 (14DMA) and break below could take the pair towards 1.9827 (38.2% fib).
Recommendation: Good to buy around 1.9950, with stop loss of 1.9827 and target price of 2.0100
