• GBP/ NZD steadied on Friday as better-than-expected economic data supported pound
• This week has seen the release of many economic data points that indicate the British economy was more resilient in December than first anticipated.
• A survey indicated Britain's construction sector appeared to have weathered the brunt of the downturn brought on by the sharp increase in interest rates.
• Technical are bullish as daily RSI is at 52, daily momentum studies 5 and 9 DMAs are trending up.
• Immediate resistance is located at 2.0415 ( 38.2% fib), any close above will push the pair towards 2.0521 (23.6% fib).
• Immediate support is seen at 2.0322 (50% fib) and break below could take the pair towards 2.0245(61.8% fib).
Recommendation: Good to buy around 2.0360, with stop loss of 2.0200 and target price of 2.0450
