• GBP/ NZD steadied on Wednesady as investors assessed prospects of additional tightening by the Fed in September following the U.S. central bank's latest rate hike.
• Federal Reserve raised interest rates by a quarter of a percentage point on Wednesday with Chair Jerome Powell saying there could be another increase in September.
• GBP/ NZD traders near 5DMA,consolidation likely to continue while market seeks fresh factors.
• Immediate resistance is located at 2.0885(23.6%fib), any close above will push the pair towards 2.0933(Higher BB).
• Support is seen at 2.0774 (5DMA) and break below could take the pair towards 2.0722(%fib).
Recommendation: Good to buy around 2.0770, with stop loss of 2.0650 and target price of 2.0880
