•GBP/NZD initially gained on Wednesday, but gave up some ground as sterling lost some steam as investors doubted about Britain lifting lockdown in July because of spreading Delta corona virus variant.
•GBP/NZD fell as far as 1.9762, and was last trading up 0.15% at 1.9794.
•GBP/NZD remains bullish, only a close back below 1.9722 (5DMA), could upset the bullish order.
•Immediate resistance is located at 1.9815 (38.2%fib ), any close above will push the pair towards 1.9908 (23.6%fib).
•Strong support is seen at 1.9742 (50% fib) and break below could take the pair towards 1.9722 (5DMA).
Recommendation: Good to buy around 1.9740, with stop loss of 1.9670 and target price of 1.9900
