FxWirePro:GBP/NZD steadies above 1.9700, retains bid tone

• GBP/ NZD rose on Monday as diminished Omicron angst boosted sterling.

• GBP/ NZD rose from daily low,a close above   (23.6%fib)is likely  trigger a new bullish phase with potential for 1.9800. 

• Technical signals are bullish as RSI is at 64, 9,11, 21 DMAs are trending up. 

• Immediate resistance is located at 1.9734(Higher BB), any close above will push the pair towards 1.9785 (23.6%fib).

•  Immediate support is seen at 1.9634 (38.2%fib) and break below could take the pair towards 1.9507 50%fib).

Recommendation: Good to buy 1.9680, with stop loss of 1.9600 and target price of 1.9780