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FxWirePro:GBP/NZD climbs higher on upbeat UK pay growth data,good to buy on dips

• 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

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