• GBP/NZD declined on Monday as growing worries of a no-deal Brexit weighed on GBP
• GBP/NZD drops to two month low on Brexit-related news, the pair was trading 0.73% lower at 1.8932 .
• Technical signals are bearish as RSI is at 38, daily momentum studies 5, 9 and 10 DMAs are trending south.
• Immediate resistance is located at 1.9035 38.2% fib), any close above will push the pair towards 1.9073 (5DMA).
• Immediate support is seen at 1.8832 (23.6%fib ) and break below could take the pair towards 1.8800 (Psychological level).
Recommendation: Good to sell around 1.8950, with stop loss of 1.9100 and target price of 1.8890.
