FxWirePro:GBP/NZD edges above 1.9350 and now targets higher bollinger bands

• GBP/NZD edged higher on Friday  as  UK's fast vaccine rollout  gave the pair a lift, despite slightly weaker UK GDP data.

• The pair has traded a 92 pip range thus far on Friday, 1.9338 -1.9430.Unless there is major news uptrend is set to continue.

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

• Immediate resistance is located at 1.9460(Higher BB), any close above will push the pair towards 1.9519 ( 23.6%fib).

• Strong support is seen at 1.9328 (38.2%fib) and break below could take the pair towards 1.9294(10DMA).

 Recommendation:Good to buy around 1.9380, with stop loss of 1.9250and target price of 1.9450.