• GBP/ NZD strengthened on Friday as the pair shrugged off forecast-beating U.S. PCE and employment cost data
• Upcoming central bank meetings, specifically Fed May 3rd, Bank of England May 11th are in focus.
• At GMT 16:39, the pair was trading up 0.10 percent at 2.0350 easing from daily high 2.0365.
• Technical signals show the pair could gain more ground in the short-term as RSI is bullish at 66,while moving averages are trending higher.
• Immediate resistance is located at 2.0398(38.2%fib), any close above will push the pair towards 2.0433(Higher BB).
• Immediate support is seen at 2.0303 (5DMA) and break below could take the pair towards 2.0239 (50%fib).
Recommendation: Good to buy around 2.0330 , with stop loss of 2.0200 and target price of 2.0400
