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

• GBP/NZD  strengthened on Thursday  as kiwi dollar continued to  tumble against pound

• The pair hit daily high at 2.0400, but recovered back , it was last up 0.49 % at 2.0332.

• Technical signals are bullish as RSI is at 63, daily momentum studies  5,9,21 DMA are trending north. 

• Immediate resistance is located at 2.0390 (Daily high), any close above will push the pair towards 2.0433(23.6%fib).

• Strong support is seen at 2.0221 (Daily low) and break below could take the pair towards 2.0161 (38.2%fib).

Recommendation: Good to buy around 2.0330 with stop loss of 2.0230  and target price of 2.0430
 

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