• GBP/NZD extending earlier gains on Thursday after above-forecast U.S. jobless claims tempered Fed rate-hike speculation.
• At GMT 16:32 the pair was trading up 0.4% higher at 1.2500 , its strongest intraday level since Nov. 16 at 1.2490..
• A daily close above 1.9456(23.6%fib)will further improve the technical outlook, and open the possibility of a rally towards 1.9500 level..
• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages are trending higher.
• Immediate resistance is located at 1.9456(23.6%fib), any close above will push the pair towards 1.9533(Higher BB).
• Immediate support is seen at 1.9383(5DMA) and break below could take the pair towards 1.9338 (38.2%fib).
Recommendation: Good to buy around 1.9450, with stop loss of 1.9360 and target price of 1.9500
