• GBP/NZD declined on Tuesday as investors looked ahead to Reserve Bank of New Zealand (RBNZ) policy meeting.
•The RBNZ is widely expected to hold the OCR at 5.50%. The focus will be on the bank's Monetary Policy Statement (MPS) and its forecast profile for the OCR.
• The pair is currently approaching support at 1.9948 (23.6%fib). A break and daily close below will accelerate trend further lower towards 1.9850 level.
• Technical signals are bearish as RSI is lower at 48, moving averages are heading south.
• Immediate resistance is located at 2.0740 ( 9DMA), any close above will push the pair towards 2.0740 ( 38.2% fib).
• Immediate support is seen at 2.0625 (23.6%fib) and break below could take the pair towards 2.0567(Lower BB).
Recommendation: Good to sell around 2.0700, with stop loss of 2.0800 and target price of 2.0650


FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro- Major Crypto levels and bias summary
Yen Surge Dims NZDJPY Shine: Bearish Trend Holds Below 91 Resistance
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Major European Indices
FxWirePro: AUD/USD uptrend loses steam, remains on bullish path
FxWirePro: GBP/NZD remains bullish as rally continues
UK Economy Accelerates, But GBP/JPY Stays Capped – Sell Toward 206
FxWirePro- Major Pair levels and bias summary
FxWirePro: USD/CAD slides as U.S. dollar weakens after jobs data
ETHUSD Dips Below $3000 on BOJ Rate Hike Fears: Buy the Dip at $2700, Targeting $4000?
FxWirePro: GBP/NZD firms as RBNZ pushes back on rate hike prospects
FxWirePro: EUR/NZD edges lower but bullish outlook persists
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro: USD/ZAR extends losses as dollar drops after delayed U.S. data
FxWirePro: EUR/AUD trends higher, but faces potential pitfalls 



