• 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
