• GBP/ NZD steadied on Friday as sterling was supported by abating bank-crisis fears combined with the recent softening of Fed rate expectations.
• Bulls have tightened their grip after registering a close above the 1.9695 (38.2%fib),scope grows for bigger gains towards 1.9850 level.
• Technical signals are strongly bullish as RSI is bullish at 62, 5, 9,11 DMAs are trending up.
• Immediate resistance is located at 1.9824(23.6%fib), any close above will push the pair towards 1.9884 (Higher BB).
• Immediate support is seen at 1.9695 (38.2%fib) and break below could take the pair towards 1.9657 (14DMA).
Recommendation: Good buy around 1.9770, with stop loss of 1.9600 and target price of 1.9850
