In a note to clients today, CitiFX Technicals recommends buying GBP/NZD outlining the following 8 reasons: 1. Posted a bullish outside day 2 trading days ago.(Close over 1.9605). 2. Closed above the 55 day moving average 2 trading days ago at 1.9600. 3. Closed above the 200 day moving average 2 trading days ago at 1.9600. 4. Closed above the downward sloping trend line 2 trading days ago at 1.9593. 5. Broke decisively above the 21 April horizontal resistance today at 1.9634. 6. Broke above the 12 Feb. horizontal support at 1.9638 today. 7. Broke above the 50% pullback of the 2.0232-1.9085 fall at 1.9650 today. 8. ... (full story)