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FxWirePro: GBP/NZD downside pressure builds, key support levels in focus 
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• EUR/NZD strengthened on Monday as ECB official comments boosted expectations for a larger Sept rate hike.
• European Central Bank board member Isabel Schnabel added to market unease. She warned on Saturday that central banks risk losing public trust and must act forcefully to curb inflation.
•Investors ramped up U euro zone rate hike bets, with markets pricing in a greater chance of 75 basis point hikes from ECB in September
• Technical signals show the pair could gain more ground in the short-term as RSI is at 52 bullish, daily momentum studies 5, 9 and 11 DMAs are trending up.
• Immediate resistance is located at 1.6353 (38.2%fib), any close above will push the pair towards 1.6425(Higher BB).
• Strong support is seen at 1.6205 (50%fib) and break below could take the pair towards 1.6160 (5DMA )
Recommendation: Good to buy around 1.6250, with stop loss of 1.6150 and target price of 1.6330
