• GBP/NZD initially dipped on Thursday but recovered some ground as investors digested ECB's dovish statement and robust US economic data.
•In the upcoming week, traders will be preparing for the Bank of England's (BoE) next presentation scheduled for next Thursday.
• Technical are bullish, daily RSI is at 63, daily momentum studies 11and 14 DMAs are trending up.
• Immediate resistance is located at 2.0842(Jan 25th high), any close above will push the pair towards 2.0921(23.6%fib)
• Immediate support is seen at 2.0755 (38.2%fib ) and break below could take the pair towards 2.0635 (50%fib).
Recommendation: Good to buy 2.0790, with stop loss of 2.0660 and target price of 2.0870
