FxWirePro:GBP/NZD changes short term trend from neutral to bullish

• GBP/NZD   gained ground on Wednesday as Brexit trade deal expectations supported sterling.

• Britain and the European Union were on the brink of clinching a deal to govern trade ties.

• GBP/NZD   climbs above 1.9000 and holds near the day's high in late US session. The pairs rise has topped at 1.9110.

• Daily techs imply the bull trend is intact as RSI is at 50, daily momentum studies  9, 11 DMAs are trending up. 

• Immediate resistance is located at 1.9030( 38.2%fib), any close above will push the pair towards 1.9132( 23.6% fib).

• Immediate support is seen at 1.8917 (50%fib) and break below could take the pair towards 1.8821 (61.8%fib).

 Recommendation: Good to buy around 1.8970, with stop loss of 1.8820 and target price of 1.9080.