• GBP/NZD staged a sharp recovery on Thursday after BoE kept its monetary poilicy unchanged.
• The BoE kept its benchmark interest rate at an all-time low of 0.1%, in line with forecasts.
•The central bank also left unchanged the size of its 895 billion pound ($1.25 trillion) bond-buying programme.
•In the absence of a pickup in Brexit or COVID anxieties, GBP/NZD strength is likely to help lift the towards 1.9500.
.•Technical signals show the pair could gain more ground in the short-term as RSI is at 58 bullish, daily momentum studies, 5, 10 and 11 daily MAs all climb.
• Immediate resistance is located at 1.9400 ( Daily high), any close above will push the pair towards 1.9488 (23.6% fib).
• Immediate support is seen at 1.9316 (38.2% fib) and break below could take the pair towards 1.9257 (21DMA).
Recommendation: Good to buy around 1.9380 with stop loss of 1.9200 and target price of 1.9450
