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• GBP/NZD strengthened on Friday after data showed UK retail sales rose by more than expected in August.
• The Office for National Statistics reported that July's sales volumes increased by a revised 0.7%, up from the earlier estimate of 0.5% month-on-month growth.
•Economists surveyed had predicted a monthly increase of 0.4% in sales volumes for the previous month.
• Immediate resistance is located at 2.1415 (38.2%fib), any close above will push the pair towards 2.1445(Higher BB).
• Immediate support is seen at 2.1232(50%fib) and break below could take the pair towards 2.1104(61.8%fib).
Recommendation: Good to buy around 2.1320, with stop loss of 2.1270 and target price of 2.1380
