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• GBP/NZD steadied on Tuesday as rise British pay growth supported sterling .
• British wages rose faster than anticipated last month. Annual pay growth for the three months to January was revised up to 5.9% and held at that level for the three months to February.
• The pair currently is approaching resistance at 23.6%fib. A break above will unmask next resistance level at 2.0124.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 62,while moving averages are trending higher.
• Immediate resistance is located at 2.0056 (23.6%fib), any close above will push the pair towards 2.0124 (April 13th high).
• Immediate support is seen at 1.9966 (9DMA) and break below could take the pair towards 1.9887 (38.2%fib).
Recommendation: Good to buy around 2.0030, with stop loss of 1.9950 and target price of 2.0100
