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FxWirePro: GBP/NZD continues to recovers , upside pressure builds 
• GBP/AUD initially dipped but regained ground as the market awaited global economic data to assess the outlook for monetary policy.
• The Bank of England has been reducing the bank rate by 25 basis points quarterly since August 2024. Following a surprise dovish 6-3 vote in December, markets estimate a 68% chance of another 25bp cut in February.
• A survey on Monday showed that British business activity nearly stagnated in December, with employers reducing staffing at the fastest pace in nearly four years..
• Immediate resistance is located at 2.0160 (23.6%fib), any close above will push the pair towards 2.0281(Higher BB).
• Immediate support is seen at 1.9977 (50%fib) and break below could take the pair towards 1.9822(61.8%fib).
Recommendation: Good to buy round 2.0000, with stop loss of 1.9920 and target price of 2.2200
