• GBP/NZD steadied around 2.0735 on Tuesday as traders examined the policy route of the British and US central bank .
• Money markets are pricing an over-50% chance of a first rate cut in May by the Federal Reserve, according to the CME FedWatch Tool, and in June by the BoE .
• The pair is holding near today's high and has managed to stay above the crucial 38.2%fib support level.
• Technical signals show the pair could gain more ground in the short-term as RSI is at 57,while moving averages are trending higher.
• Immediate resistance is located at 2.0773(Daily high), any close above will push the pair towards 2.0819 (Higher BB).
• Immediate support is seen at 2.0668 (38.2%fib) and break below could take the pair towards 2.0603 (Nov 21st low).
Recommendation: Good to buy around 2.0730 with stop loss of 2.0620 and target price of 2.0800
