• GBP/NZD rose sharply on Monday a risk sentiment improved as markets scaled back some of their bets on Federal Reserve rate hikes.
• The focus will turn to UK data later in the week, with jobs and inflation figures expected on Tuesday and Wednesday.
• At GMT 17:42, the pair was trading up 0.77 percent at 1.9409.
• Technical signals show the pair could gain as RSI Is rising,while moving averages turning up.
• Immediate resistance is located at 1.7457( 38.2%fib), any close above will push the pair towards 1.7517 (July 8th high).
• Immediate support is seen at 1.9344(50%fib) and break below could take the pair towards 1.7287(50%fib).
Recommendation: Good to buy around 1.9400, with stop loss of 1.9290 and target price of 1.9480
