• GBP/NZD dipped on Wednesday as traders monitored developments surrounding U.S.-Iran tensions.
• President Donald Trump declared the interim Iran peace accord had collapsed, saying the United States was preparing new military strikes on Wednesday following Tehran's attacks on U.S. bases in the Gulf.
• Minutes from the Fed's June meeting showed policymakers were more worried about inflation, backing Chairman Kevin Warsh's leaner policy statement even as they acknowledged that widening price pressures might necessitate further rate increases.
• The price of oil settled 4.4% higher at $73.52 a barrel as investors worried that the hostilities could lead Iran to close the Strait of Hormuz to ship traffic again.
• Immediate resistance is located at 2.3547(23.6%fib), any close above will push the pair towards 2.3647(Higher BB).
• Immediate support is seen at 2.3342(38.2%fib) and break below could take the pair towards 2.3279(SMA 20).
Recommendation: Good to sell around 2.2450 with stop loss of 2.2370 and target price of 2.2550
