• GBP/NZD strengthened on Tuesday as sterling was buoyed by higher than expected UK pay growth data.
• Data showed wage growth picked up more pace in the three months to November, while employment rose by a faster-than-expected 27,000.
• At GMT 14:57, the pair was trading up 0.29 percent at 1.9149
• Technicals are bulllish, daily RSI is positive at 53, daily momentum studies 9 and 10 DMAs are trending up.
• Immediate resistance is located at 1.9184 (38.2% fib), any close above will push the pair towards 1.9278(Higher BB).
• Strong support is seen at 1.9021 (50% fib) and break below could take the pair towards 1.8943(Lower BB).
Recommendation: Good to buy on around 1.9140, with stop loss of 1.9050 and target price of 1.9200
