• GBP/NZD Initially gained on Wednesday but rally fizzled investors moved to the sidelines before a Federal Reserve statement.
•Investors looked towards a pivotal U.S. Fed policy meeting to see if US central bank would reinforce growing market expectations for earlier and additional interest rate rises next year.
• At GMT 17:50, the pair was trading up 0.03 percent at 1.9617 after reaching daily high at 1.9704.
• Technical are bullish, daily RSI is positive at 63, daily momentum studies 11and 14 DMAs are trending up.
• Immediate resistance is located at 1.9704 (23.6%fib), any close above will push the pair towards 1.9791(Higher BB)
• Immediate support is seen at 1.9551 (38.2%fib ) and break below could take the pair towards 1.9524 (5DMA).
Recommendation: Good to buy around 1.9600, with stop loss of 1.9500 and target price of 1.9700.
