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FxWirePro: GBP/NZD uptrend looks tired, but continues to hold

• GBP/ NZD initially gained on Wednesday but lost some  ground  after news the British government delayed its fiscal statement to Nov.

• Sunak delayed the announcement of a keenly awaited plan for repairing the country's public finances until Nov. 17.

• Technical signals are bullish as RSI is bullish  at 57, daily momentum studies  5 and 11 DMAs are trending up. 

• Immediate resistance is located at 2.0092 (23.6%  fib), any close above will push the pair towards 2.0159 (Higher BB)

• Immediate support is seen at 1.9887 (14DMA) and break below could take the pair towards 1.9827 (38.2%  fib).

Recommendation: Good to buy around  1.9950, with stop loss of 1.9827  and target price of 2.0100
 

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