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FxWirePro: GBP/NZD attracts buying interest, 38.2%fib eyed

• GBP/NZD strengthened  on Thursday   as markets reacted to rising global trade tensions sparked by new U.S. tariffs.

• Investors remain cautious following Trump’s announcement of a 25% tariff on imported vehicles, set to take effect next week, which has escalated concerns about a widening trade war.

• Looking ahead, investors are focused on UK Q4 GDP data and  retail sales, both due for release on Friday.

• At GMT 17:40, the pair was trading up 0.32 percent  at 2.2566.

• Immediate resistance is located at 2.2598(38.2%fib), any close above will push the pair towards 2.2738(Higher BB).

• Immediate support is seen at 2.2464 (38.2%fib) and break below could take the pair towards 2.2330(50%fib).

Recommendation: Good to buy around 2.2550, with stop loss of 2.2350, and target price of 2.2650

 

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