FxWirePro: GBP/NZD positions for another climb, eyes 2.700 level

• GBP/NZD strengthened on Monday as the market focused on the negative consequences for global economic growth   from U.S. import tariffs.

• Investors remained wary of a global trade war as Trump avoided recession predictions.

•Tariffs on Mexico, Canada, and China fueled concerns over U.S. economic risks 

•A survey showed Britain's job market slowed in February, with weaker hiring and the smallest rise in starting salaries in four years.

• Meanwhile , The spotlight will be on the release of Britain's monthly gross domestic product later this week..

• Technical signals show the pair could gain more ground in the short-term as RSI is at 68,while moving averages and MACD are trending higher.

• Immediate resistance is located at 2.267(23.6%fib), any close above will push the pair towards 2.277(Higher BB).

• Immediate support is seen at 2.2457(38.2%fib) and break below could take the pair towards 2.2254(50%fib).

Recommendation: Good to buy around 2.0600, with stop loss of 2.0520, and target price of 2.700