• GBP/NZD rose on Friday after survey showed Britain's services sector grew at the fastest pace in eight months in February.
• The final version of the S&P Global/CIPS UK services Purchasing Managers' Index (PMI) increased to 53.5 last month, up from 48.7 in January.
• The pair currently is approaching resistance at 38.2%fib. A break above would unmask 1.9400 level in the short term.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 55,while moving averages are trending higher.
• Immediate resistance is located at 1.9344(38.2%fib), any close above will push the pair towards 1.9404(Jan 19th high).
• Immediate support is seen at 1.9300 (14DMA) and break below could take the pair towards 1.9191 (50%fib).
Recommendation: Good to buy around 1.9320, with stop loss of 1.9250 and target price of 1.9400
