• GBP/NZD extended its yesterday’s bounce as risk-sensitive New Zealand dollar fell amid escalating worries about both a potential military conflict in Ukraine .
• GBP/NZD remains offered despite Russia-Ukraine tensions , the pound has gained 0.09% versus the New Zealand dollar.
• Technical signals are bullish as RSI is at 72, daily momentum studies 50 DMA, 5 EMA are trending up.
• Immediate resistance is located at 2.0202 ( 23.6%fib), any close above will push the pair towards 2.0275 ( Higher BB).
• Strong support is seen at 2.0152 (5 DMA) and break below could take the pair towards 2.0042 (38.2%fib).
Recommendation: Good to buy around 2.0150, with stop loss of 2.0050 and target price of 2.0180.


Major Pair Action Bias: Bullish Pairs to Watch Out For
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FxWirePro: USD/CNY dips as yuan firms on improving risk appetite
FxWirePro: NZD/USD edges lower, remains on back foot
FxWirePro: GBP/NZD downside pressure builds, key support levels in focus
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FxWirePro :USD/JPY eases slightly, remains on bullish path
NZDJPY Pullback: Sell Rallies Toward 93.30 as Yen Weakness Eases
FxWirePro: USD/CAD gaining momentum for a move towards 1.4200 level
FxWirePro: EUR/NZD up trend gains momentum but hurdles ahead 



