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FxWirePro:GBP/NZD attracts buying interest,bulls take aim at 23.6%fib resistance

• GBP/ NZD rose on Wednesday as expectations that the Bank of England will raise interest rates as early as next month and risk on  vibe boosted pound.

• GBP/ NZD glommed onto the rally, despite  Fed meeting and  U.S. non-farm payrolls event risk.

• Today’s rise has passed through the 38.2% fibonacci retrace point at 1.9923 and now eyes the 23.6%fib  .

•  Immediate resistance is located at 2.0000 (Higher BB), any close above will push the pair towards 2.0076 (23.6%fib).

•  Support is seen at 1.9923 (38.2%fib).and break below could take the pair towards 1.9872 (5DMA).

• Recommendation: Good to buy around 1. 9940, with stop loss of 1. 9860 and target price of 2.0080

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