• GBP/NZD rose on Thursday as the pair was lifted by rise in risk appetite .
• At GMT 15:59, the pair was trading up 0.34 percent at 1.9202 after reaching daily low at 1.9095.
• A rally towards 1.9300 is possible if GBP/NZD bulls overcome resistance 1.9243 (23.6%fib).
• Technical signals are bullish as RSI is rising at 55, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.9214 (Daily high), any close above will push the pair towards 1.9243 (23.6%fib )
• Strong support is seen at 1.9143 (5DMA) and break below could take the pair towards 1.9111 (38.2%fib).
Recommendation: Good buy around 1.9170, with stop loss of 1.9090 and target price of 1.9240
