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FxWirePro: GBP/NZD climbs as robust U.S. employment figures triggers renewed buying interest.

• GBP/NZD rose higher on Friday  as the pair turned bid after stronger-than-expected U.S. employment data reinforced expectations of a hawkish Federal Reserve stance.

• The Labor Department’s closely watched employment report on Friday pointed to a broadly positive U.S. labor market..

The Labor Department’s Bureau of Labor Statistics reported that nonfarm payrolls rose by 172,000 last month after an upwardly revised 179,000 in April..

Private sector employment rose by 120,000 jobs in May, while government payrolls increased by 52,000, the strongest gain in nearly two years.


• Immediate resistance is located at 2.3073(38.2%fib), any close above will push the pair towards 2.3148(Higher BB).

• Immediate support is seen at 2.2948(50%fib) and break below could take the pair towards 2.2829(61.8%fib).

Recommendation: Good to buy around 2.3050 with stop loss of 2.2920   and target price of 2.3130

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