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• GBP/NZD recovered some ground on Tuesday as investors positioned ahead of UK gross domestic product data.
• UK gross domestic product (GDP) is also due this week and could potentially add to Bank of England (BoE) policymakers' confidence for an interest rate cut in August.
•At GMT 18:01, the pair was trading up 0.21 percent at 2.0745 ,rebounding from daily low hit at 2.0701.
• Technical signals are mixed as RSI has turned higher, moving averages are mixed.
• Immediate resistance is located at 2.0764 (38.2% fib), any close above will push the pair towards 2.0802( June 18th high).
• Immediate support is seen at 2.0651 (23.6%fib) and break below could take the pair towards 2.0604 (Lower BB).
Recommendation: Good to sell around 2.0760, with stop loss of 2.0850 and target price of 2.0680
