• GBP/NZD firmed on Monday as investors focused on U.S. trade policy developments.
• Market sentiment improved as signs emerged that U.S.-China trade tensions were easing. However, uncertainties surrounding the global trade war remained a concern.
• On Monday, Bessent said top U.S. trading partners had made "very good" proposals to avert U.S. tariffs, and one of the first deals to be signed would likely be with India..
• Investors awaited the April U.S. jobs report, due on Friday, where jobs growth is still expected, although at a sharply slower pace than a month earlier.
• Immediate resistance is located at 2.2594(38.2%fib), any close above will push the pair towards 2.281 (23. 6%fib).
• Immediate support is seen at 2. 2370(50%fib) and break below could take the pair towards 2.2300 April 28th high).
Recommendation: Good to buy around 2. 2480 with stop loss of 2. 2400, and target price of 2. 2600
