• GBP/ NZD rose past 1.9300 as New Zealand dollar weakened after RBNZ’s increased benchmark rate by 25bp.
• The Reserve Bank of New Zealand raised 25-basis-point at Wednesday's meeting to counter rising inflation.
• Technical signals are strongly bullish as RSI is bullish at 57, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.9382 (Higher BB), any close above will push the pair towards 1.9391 (23.6%fib).
• Immediate support is seen at 1.9315 (38.2%fib) and break below could take the pair towards 1.9226(23.6%fib).
Recommendation: Good buy around 1.9250, with stop loss of 1.9100 and target price of 1.9380
