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FxWirePro : GBP/NZD falls below 2.1500, bears keep the advantage

• GBP/NZD declined on Thursday   as the pair was weighed down by  rising tension from the Russia-Ukraine war.

•Russian President Vladimir Putin, in a televised address, said Moscow struck a Ukrainian military facility with a new ballistic missile   and warned that more could follow.

• With the U.S. vetoing a U.N. ceasefire resolution in Gaza and heightened tensions between Russia and Ukraine, geopolitical concers remain elevated.

• Technicals are favoring bearish sentiment as RSI is at 44 and the pair is trading below   5,10 & 11-SMAs.

• Immediate resistance is located at 2.1561(50% fib), any close above will push the pair towards 2.1625(21SMA)

• Strong support is seen at 2.1443(38.2% fib)and break below could take the pair towards 2.1416 (Lower BB).

Recommendation: Good to sell  around 2.1500, with stop loss of 2.1600 and target price of  2.1430

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