• GBP/ NZD steadied on Thursday as broader dollar rally left cross pair relatively stable but off its high.
• The pair is holding near today's high, repeated failures to close below 1.9854 support is bullish sign.
• A daily close above 1.9031 (50% fib), is likely to trigger a new bullish phase with potential for 1.9100. A break under 38.2 % fib would unmask 1.88604 level in the short term.
• Immediate resistance is located at 1.9031(50% fib), any close above will push the pair towards 1.9114(61.8%fib).
• Immediate support is seen at 1.9854 (38.2% fib) and break below could take the pair towards 1.8860 (23.6%fib).
• Recommendation: Good buy around 1.9020, with stop loss of 1.8810 and target price of 1.9100
