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• GBP/ NZD strengthened on Friday after data showed the British economy registered unexpected growth in the second quarter.
• Official data on Friday showed Britain's economy grew 0.2%, against the consensus of a flat reading in a poll of economists, sending sterling higher against Australian dollar.
• Bulls are likely to mount a credible run towards 2.1300 level. At GMT 19:45 the pair was last trading at 2.1218 up 0.79 percent.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 67 ,while moving averages and MACD are trending higher.
• Immediate resistance is located at 2.1227( Daily high), any close above will push the pair towards 2.1290 (23.6%fib).
• Immediate support is seen at 2.1013 ( 38.2%fib) and break below could take the pair towards 2.0962 (9DMA).
Recommendation: Good to buy around 2.1200, with stop loss of 2.1100and target price of 2.1300
