• GBP/ NZD rose on Friday as pound was boosted on expectation Bank of England (BoE) might hike interest rates further.
• Investors are awaiting the Bank of England's policy meeting next week, where the central bank is expected to raise interest rates by 75 basis points.
• Today’s rise has passed through 1.9950 level and now eyes the 23.6%fib resistance at 2.0080.
• Immediate resistance is located at 2.0080 (23.6%fib), any close above will push the pair towards 2.0130(Higher BB).
• Support is seen at 1.9826(9DMA) and break below could take the pair towards 1.9740 (38.2%fib).
Recommendation: Good to buy around 1. 9950, with stop loss of 1. 9800 and target price of 2.0130
