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• GBP/ NZD strengthen on Monday as slightly better than expected UK Oct GDP boosted sterling.
• Investors geared up for key policy decisions as U.S. Federal Reserve, the European Central Bank, the Bank of England and the Swiss National Bank will all release rate decisions.
• The pair attempting to breach resistance at 1.9240 ( 14DMA). A decisive break closure above 14DMA could generate further gains.
• Immediate resistance is located at 1.9240 ( 14DMA), any close above will push the pair towards 1.9315 (38.2% fib).
• Immediate support is seen at 1.9180 (5DMA) and break below could take the pair towards 1.9089(50% fib).
Recommendation: Good to buy around 1.9220, with stop loss of 1.9150 and target price of 1.9290,
