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FxWirePro:GBP/NZD positions for another climb, eyes 1.9500 level

• GBP/NZD extending earlier gains on Thursday after above-forecast U.S. jobless claims tempered Fed rate-hike speculation.

•  At GMT 16:32  the pair was trading up  0.4% higher at 1.2500  ,   its strongest intraday level since Nov. 16 at 1.2490..

• A daily close above 1.9456(23.6%fib)will further improve the technical outlook, and open the possibility of a rally towards 1.9500 level..

• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages are trending higher.

• Immediate resistance is located at 1.9456(23.6%fib), any close above will push the pair towards 1.9533(Higher BB).

• Immediate support is seen at 1.9383(5DMA) and break below could take the pair towards 1.9338 (38.2%fib).

Recommendation: Good to buy around 1.9450, with stop loss of 1.9360 and target price of 1.9500

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