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• GBP/NZD declined on Tuesday as GBP was negatively impacted by UK jobs data.
• Data showed British wage growth, excluding bonuses, fell in the third quarter to its lowest level in more than two years. Unemployment in September rose to 4.3%, from 4.1%.
• The pair has seen 2.1527 - 2.1592 range on Tuesday , chart points to an drop towards level 2.1400.
• Immediate resistance is located at 2.1627 (38.2%fib), any close above will push the pair towards 2.1717(Nov 7th high).
• Immediate support is seen at 2.1485(50%fib) and break below could take the pair towards 2.1378 (Oct 22nd low).
Recommendation: Good to sell round 2.1520, with stop loss of 2.1600 and target price of 2.1450
