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FxWirePro: GBP/NZD steadies around 2.0900,good to buy on dips

• GBP/NZD strengthened on Wednesday as   kiwi dollar weakened against pound amid the escalating geopolitical tensions in the Middle East.

• Pair traded in   2.0741/2.0906 range ,a close above ( 23.6%fib, will trigger a new bullish phase with potential for 2.1000

• Technical signals are bullish as RSI is at 59, daily momentum studies  5,9 and 10 DMAs are trending up.

•  Immediate resistance is located at 2.0954  ( 23.6%fib), any close above will push the pair towards 2.1000 (Psychological level)

• Strong  support is seen at 2.0818(38.2%fib ) and break below could take the pair towards 2.0754(11DMA).

Recommendation: Good to buy  around 2.0860  , with stop loss of 2.0750 and target price of 2.1000

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