• GBP/ NZD strengthened on Thursday after kiwi dollar fell after surprisingly soft NZ CPI.
•New Zealand's consumer inflation came in below expectations in the first quarter, but remained near historic highs as prices rose for everything from food to new house building.
• At GMT 18:06, the pair was trading up 0.36 percent at 2.0125 easing from daily high 2.0202.
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 66,while moving averages are trending higher.
• Immediate resistance is located at 2.0195(23.6%fib), any close above will push the pair towards 2.0226(Higher BB).
• Immediate support is seen at 2.0035 (5DMA) and break below could take the pair towards 2.0009 (38.2%fib).
Recommendation: Good to buy around 2.0110 , with stop loss of 1.9930 and target price of 2.0180
