• GBP/ NZD strengthened on Tuesday as another disappointing set of Chinese trade figures weighed on risk sensitive kiwi dollar.
• China's imports and exports fell much faster than expected in July as weaker demand threatens recovery prospects in the world's second-largest economy.
• At GMT 19:20, the pair was trading up 0.41 percent,highest level since since April 1st 2020.
• From a technical viewpoint, the moving averages are pointing upwards, while the RSI is strongly bullish at 60.
• Immediate resistance is located at 2.1061(Higher BB), any close above will push the pair towards 2.1190 (23.6%fib).
• Strong support is seen at 2.0974 (38.2%fib) and break below could take the pair towards 2.0931(5DMA )
Recommendation: Good to buy around 2.1000 with stop loss of 2.0900 and target price of 2.1080
