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FxWirePro:GBP/NZD maintains bullish bias with focus on 1.9850 level

• GBP/ NZD steadied on Friday as sterling was supported by abating bank-crisis fears combined with the recent softening of Fed rate expectations.

• Bulls have tightened their grip after registering a close above the 1.9695 (38.2%fib),scope grows for bigger gains towards 1.9850 level. 

• Technical signals are strongly bullish  as RSI is bullish at 62, 5, 9,11 DMAs are trending up. 

• Immediate resistance is located at 1.9824(23.6%fib), any close above will push the pair towards 1.9884 (Higher BB).

•  Immediate support is seen at 1.9695 (38.2%fib) and break below could take the pair towards 1.9657 (14DMA).

Recommendation: Good buy around 1.9770, with stop loss of 1.9600 and target price of 1.9850

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