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• GBP/NZD traded in tight range on Tuesday as markets grappled with uncertainty surrounding any tariffs President Donald Trump may implement.
• The newly elected president has not provided any specific details about the universal tariffs or extra surcharges on key trade partners, a key plank of his election campaign..
• On the data front,British pay growth remained strong in the three months to November, with private-sector pay excluding bonuses rising to 6.0%, up from 5.5% in October.
• The pair has seen 2.1797 from 2.1700 range on Tuesday , chart points to an drop towards level 2.1600.
• Immediate resistance is located at 2.1844 (50%fib), any close above will push the pair towards 2.1991(61.8%fib).
• Immediate support is seen at 2.1700(38.2%fib) and break below could take the pair towards 2.1620(Lower BB).
Recommendation: Good to sell round 2.1760, with stop loss of 2.1850 and target price of 2.1620
