• GBP/NZD rose past 1.9500 level on Monday as UK-EU Northern Ireland deal boosted sterling across the board
• GBP/NZD rose 1.02% to 1.9545 on news Britain and the EU had reached a deal on trade with Northern Ireland.
•The pair currently is approaching resistance at 23.6%fib. A break above could open the way for GBP/ NZD to test strong resistance at 1.9683.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 64,while moving averages are trending higher.
• Immediate resistance is located at 1.9552(23.6%fib), any close above will push the pair towards 1.9683(Nov 2nd high).
• Immediate support is seen at 1.9463 (Nov 2nd low) and break below could take the pair towards 1.9391(38.2%fib).
Recommendation: Good to buy around 1.9530, with stop loss of 1.9450 and target price of 1.9610
