• GBP/NZD dipped on Tuesday as relatively hawkish comments by RBNZ led the Kiwi dollar to gain against pound.
• New Zealand's central bank said on Tuesday it would soon begin consulting on ways to tighten mortgage lending standards, as it tries to control an inflated housing market and protect home buyers.
• At GMT 20:54, the pair was trading down 0.02 percent at 1.9820 after reaching daily low at 1.9805.
• Technicals are favouring bearish sentiment as RSI is turning lower and the pair is trading below 5 & 9-DMAs.
• Immediate resistance is located at 1.9866 (38.2% fib), any close above will push the pair towards 1.9954 (23.6%fib).
• Support is seen at 1.9802 (50%fib ) and break below could take the pair towards 1.9731 (61.8% fib).
Recommendation: Good to sell around 1.9820, with stop loss of 1.9940 and target price of 1.9760.