• GBP/ NZD steadied around 2.1528 level on Monday as China's economic troubles and lower commodities prices continue to weigh on the kiwi dollar
• Bulls have tightened their grip after registering a close above the 2.1528 (38.2%fib),scope grows for bigger gains towards 2.1700.
• Technical signals are strongly bullish as RSI is bullish, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 2.1528 (23.6%fib), any close above will push the pair towards 1.9852 (Higher BB).
• Immediate support is seen at 2.1528 (38.2%fib)and break below could take the pair towards 2.1400 (50%fib).
Recommendation: Good buy around 2.1510, with stop loss of 2.1400 and target price of 2.1580
