• GBP/NZD slipped sharply lower as worries about the economic impact of U.S. tariffs receded after President Donald Trump declared an immediate 90-day tariff pause for many countries.
• In a dramatic turnaround, Trump announced Wednesday he would temporarily ease steep tariffs on dozens of countries while intensifying pressure on China.
• Trump's change on country-specific tariffs is partial, with a 10% overall duty on nearly all U.S. imports remaining in place, the White House stated.
•From a technical viewpoint, RSI is strongly bullish at 55, daily momentum studies, 5, 10 and 11 daily MAs all climb.
• Immediate resistance is located at 2.2919(38.2%fib), any close above will push the pair towards 2.3252(23.6%fib).
• Immediate support is seen at 2.2623(50%fib) and break below could take the pair towards 2.2353(61.8%fib).
Recommendation: Good to buy around 2.2260, with stop loss of 2.2450, and target price of 2.3100
