• GBP/NZD declined on Tuesday as attracted sellers ahead of as investors waited for inflation figures on Wednesday and the Bank of England's interest rate decision the day after that.
• Consumer price index (CPI) data due on Wednesday is expected to show Britain's inflation rate fell back to the BoE's 2% target in May, from 2.3% in April.
• The BoE's monetary policy committee (MPC) is widely expected to leave interest rates at 5.25% on Thursday.
• GBP/NZD focus is on 23.6% fib support, a break below will accelerate losses towards 2.0800 level.
• Immediate resistance is located at 2.0739( 38.2% fib), any close above will push the pair towards 2.0799 (Daily high).
• Strong support is seen at 2.0628(23.6% fib) and break below could take the pair towards 2.0577 (Lower BB).
Recommendation: Good to sell on around 2.0680 , with stop loss of 2.0800 and target price of 2.0600
