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FxWirePro:GBP/NZD getting back on track for a run towards 1.9600,good to buy on dips

• GBP/ NZD strengthened on Thursday as month-end position squaring lifted the pair.

• Investors shrugged off official data revealing a record shortfall in the United Kingdom’s current account deficit in early 2022.

• The pair currently is approaching resistance at  1.9570. A break above   will unmask 1.9650 level in the short term.

• Immediate resistance is located at 1.9570 (Daily high), any close above will push the pair towards 1.9633 (23.6%fib).

• Support is seen at 1.9465(50%fib) and break below could take the pair towards 1.9402 (38.2%fib).

 Recommendation: Good to buy around 1. 9500, with stop loss of 1. 9400 and target price of 1. 9600

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